People have been talking about this a lot and I have been getting requests to check this stock out. And now I know that I am a bit late to the party. But never the less, this stock had broken out after making my favorite cup and holder pattern and this is tremendously bullish for lat two days. A minor correction might happen but 53 is an easy one.
Target: 53,...
A cup and a handle is formed. J&K was bullish today even when the PSU banks were down, which shows the momentum it has generated. J&K has a correlation of on average 0.73 with the PSU Bank Index. Coupled with a channel, a cup with a handle, and correlation divergence the chances of breakout on the positive side increase. Decent for a short-term trade.
Disclaimer...
This could be a great multibagger stock in the coming year. If the stock breaks the trendline then a nice momentum can be seen. The stock took a strong support in March 2009 from the horizontal line drawn. SL can be at 20 Rs. Kindly share your opinions too. Thanks in advance.
j & k bank has given trend reversal , there is a trading opportunity till 37/53
and after correction from there on will give accumulation opportunity for investments trgts of 59/91/163....
#J&KBANK
CMP: 26.15
Target: 45++
NSE:J_KBANK
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Might blast to more than 45++
Super Bullish on this stock.
From Rachit Sethia with 💚
It is also the only private sector bank designated as RBI’s agent for banking business. The EPS is coming on positive track.
Normalcy is getting restored in Kashmir. This bank is like to be highest beneficiary. Like SBI but it is also private sector bank.
All Govt Employee Salary comes through this.
Insurance.
Housing Loan.
All big Apple farms and farm loans....
![J_KBANK: [Basket] J&K Bank Budget Bet](https://s3.tradingview.com/b/Bn1xFOIk_mid.png "[Basket] J&K Bank Budget Bet")
