BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Cup & Handle Breakout in KTKBANK
BUY TODAY SELL TOMORROW for 5%
Ktkbankbuy
Potential Breakout: Karnataka Bank Eyeing Upside Towards 285Details:
Asset: Karnataka Bank Limited (KTKBANK)
Breakout Level: Sustaining above 245
Potential Target: 285 and beyond
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Short to medium-term
Rationale: Karnataka Bank Limited (KTKBANK) is approaching a potential breakout level around 245. Sustaining above this level could signal a bullish sentiment shift, potentially leading to further upside momentum. If the breakout occurs and is sustained, KTKBANK could target 285 and beyond in the near future.
Market Analysis:
Technical Breakout: A sustained move above 245 would indicate a technical breakout, attracting buying interest and potentially driving the price higher.
Market Sentiment: Positive market sentiment or company-specific catalysts may be contributing to the anticipated breakout in KTKBANK.
Price Target:
The initial target for KTKBANK is set at 285, with potential for further upside depending on market dynamics and investor sentiment.
Risk Management:
It's important to implement a stop loss strategy below the breakout level to manage risk in case of unexpected price reversals.
Timeframe:
The projected target of 285 and beyond is based on a short to medium-term outlook, but actual timing may vary based on market conditions.
Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio.
As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
KARNATAKA BANK LTDKTK BANK is in Wolfe Wave, the good thing is it is about to get triggered. This is a weekly TF chart. Once it gives a weekly closing above 74. Then it will give a stellar move towards 128 ( P4 of Wolfe Wave). Few intermediate targets would be 99-115. This is a stock which you should have for Diwali.
Chart & Analysis - Adarsh Dey




