Market Cap: ₹ 8,469 Cr.
Stock P/E: 6.25
ROCE: 5.86 %
Stock is trading at 0.93 times its book value
Company has delivered good profit growth of 29.4% CAGR over last 5 years
Symmetrical Triangle Breakout on Daily Time Frame with Long Signal.
KTKBank is trending up, possibly target price to hit 190.00 Still very good setup to go up once it clears the line of resistance.
Flag and Pole pattern has already given a breakout followed by two legged correction. Spike phase is still trending on daily chart.
SL can be very well placed at the pullback showed at 146.35 or more comfortable one can be at...
#KTKBANK is getting ready for breakout.
Looks like IHS pattern to me. So Kept in radar.
Accumulated a little --> will add main chunk after breakout confirmation only
Still need to check relative strength & momentum as it is PSU bank. Bcuz they don't usually move.
Stock Name - The Karnataka Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 113
#This is not Buy and Sell recommendation to any one. This is for...
Long KTK Bank above 74.15 SL 67 Target 110. Good risk to reward ratio. Stock is trading near the Weekly BO area. Wait for the Bo of weekly area. This is for your educational purpose only.
KTK 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
Accumulate KTK BANK in between 59-61
with SL 57
Target 1= 73-75
target 2= 83-85
Short term view hold it for next quarter result
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
keep eye on KTKbank
resistance line breakout with huge volume
and declared good result
buy only small qty near 50
low risk trader can buy near 45-47
Target 54 59 63
SL closing below 44
