Hello Everyone,
In daily tf price taking exact support of 50 ma aftr sharp decline.
Reverse & good volume seen since last trading sessions.
Price closing is also above 13 & 20 ma.
Price trade upwards also taking support of trendline.
Fresh buying zone 138 - 143 (no buying or selling recommendation) tgt 150 .. 160 & above
Momentum also positive.
Given...
Jammu and Kashmir Bank (J&K Bank) is a Scheduled Commercial Bank and one of the oldest private sector Bank in India, incorporated in 1938. The Jammu & Kashmir Bank Limited offers a range of products and services such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.
Financials:
TTM EPS: 13.10
TTM...
-FII's Increasing Stake In J&K Bank
-Quarterly Results are excellent
-ready to break resistance
-Strong Support From 50 EMA & Lower Trendline
-keep in radar it can give good profit
Jammu & kashmir bank is currently trading at 103.
Technical analysis indicates stock is above 20 and 50 EMA'S and strong for uptrend with good volume spurts.
In addition to this respective sector is also looks good.
some minor corrections are expected.
You can study below levels for stocks movement.
Immediate support levels are of 90-95.
Next resistance...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
Market Cap: 12,906 Cr
Stock P/E: 8.63
ROCE: 4.92%
ROE: 13.1%
Company has delivered good profit growth of 42.2% CAGR over last 5 years.
Strong Breakout on Daily time frame with Ascending Triangle Pattern.
Entry: 127.5
Target: 142
Sl: 114 DCB
Dip Level Buying was 52 with DCB SL 44 and achieved all targets.
Disclaimer: Strictly for Educational and Learning purpose.
Stock is in UT, Stage 2
Formed VCP in DTF, with volume dry-up
before BO & BO with Volume
EMA Rule in place
RS Line making 52WH
MACD Crossover
Mindset: Over all Market is streched,
so taking 50% position. but taking
the trade casue the system is in aligment.
JK Bank has started its downward journey from 2015 which has now being completed. We see a strong volume accumulation in recent past. One can buy this stock at this level for a target of 160 and 190 with a view of 06 month to 1 year
An on Neck BO hsa been confirmed on the daily chart of NSE:J_KBANK
One can create a fresh position in the scrip near cmp of Rs. 92.85 or below with stop loss of Rs. 84 for the traget of Rs. 101/109
Exit the position if the stop loss is triggered on DCB.
If you agree with the idea then hit the airplane icon and don't forget to follow me to get all the latest...
J&K bank can max touch 100-103 level . I expect correction from 50% retracement level to 73-71 zone.
Disc : It's not an investment advise to buy or sell
Stock Name - The Jammu & Kashmir 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 103
#This is not Buy and Sell recommendation to any one. This is...
## Trade Details
- Name of The Stock : Jammu & Kashmir Bank
- Type of Trade : Momentum Investment or Positional Trade
- Duration : More than 60 days
- Entry Level : Between 62.00 to 65.00
- Stop Loss : Initial 60.00 (Trail accordingly)
- Target : above 92.00
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## Chart Details
- Level 63.00 (resistance) has broken with higher volume
- Stock has...
After giving a breakout from the Cup and Handle Pattern, J & K Bank has retest the levels and moved above the levels. Clearly showing the momentum. Target of 185 will be reached in future according to my analysis.
