KTK Bank on Strong SupportKarnataka bank looking good in monthly time frame
* Strong support
* Breakout and retest done
KTKBANK trade ideas
Karnadaka bankSL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Turining Bullish: Karnataka BankKarnataka Bank has recovered well from the support level of 216.
Confirmation of Bullishness: 20 EMA crossing above 50 EMA
RSI is also showing strength.
Volume Buildup is also significant.
Support: 216
Resistance:240, 253
Longterm Target (one year): 340
HEAD AND SHOULDER AND FLAG PATTERN IN 1M1D - Head & Shoulder Recently buying Increased the volume & Retest
A bullish candle formation at the 237-240 level could be a good movement
251-level breakout then flag pattern active in monthly
KTK bank parallel channel and cup and handle view- cup and handle formation in bullish parallel Chennel formed in monthly chart
- stock raised up from the bottom of the handle and Elliot wave 4
- 270 is the parallel Channel resistant which is also the first target.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before trade.
in.tradingview.com
KTK BANK CUP AND HANDLE- KTK bank formed a cup and handle pattern following 16 years of consolidation
- in February 2006 it reaches 211.30 first time and reached again in July 2023
- waiting for breakout.
- trading lower than its book value 263
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
Bullish on Karnataka bankKarnataka bank for long term is very good.
This price is good to go long.
Reasons:
Price broke the trendline and formed a new higher High. Coch formed.
Price now has retested.
Earnings to come.
Delivery percentage is good.
Nice Long SetupHi
This looks very good buy setup, very classical pattern. Look for breakout of this falling channel, don't enter before breakout because it can turn into other pattern. right now on the basis of what we have in this chart, I'm looking for breakout only.
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 swing with SL below the red zoneGood fundamentals for the stock... SL below the red zone. Target swing high. Aggressive traders can enter. Conservative traders can wait for coch at lower time frame and enter. This is not a stock recommendation. It's purely for educational purpose. Good to accumulate for long term at this level. Just an opinion not a recommendation. Consult your financial advisor before entering.
VIEW ON KARNATAKA BANKGood breakout
Stock above yesterday's high
Target 260/270
Stop loss 244
I am just representing my views.
For educational purpose only.
Karnataka Bank : LongKarnataka Bank : Long
will you ?
will it go 52W high ?
or break down !
do your own analysis
KTK BANK, CMP 239.51. small cup and handle verge of breakout.
2. Expecting 255, 280 and more
3. do your research before investing.
Karnataka bank - Beautiful breakoutkarnata bank is a private bank which is undervalued and has great management team
This PICK is technical + fundamental .
Entry near 260- 270
Expect target of ( 500 +) in 6 months .
2 year target - 1000 +
KTKBANK - Weekly Chart Analysis, CMP-272.50After breaking the previous all time high levels (176-194) it went into another base formation of 15 weeks and 18% range. Volumes are decent.
Overall PSU Banking sector is hot and showing strength.
Now 210-218 shall act as initial support. Main support will be 176-194 which was previous resistance and now it shall act as a support. Weekly close below these levels and follow through shall invalidate our view.
327 - 509 are the levels which can be tested over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
KTKBANK / KARNATAKA BANK - Previous All Time High BreakoutKTKBANK
1) Time Frame - Weekly.
2) Previous Life Time High was 194.60 in the year 2008. It was broken on July 2023 & Sustained / Consolidated for 6 months above the price 194.60 and marked a breakout with strong bullish candle and closed at All Time High currently.
3) The next resistance would be in between the price 300 to 314.
4) Recommendation - Strong Buy
KTKBANK | Swing Trade📊 DETAILS
Sector: Bank - Private
Mkt Cap: 8,387 cr
Karnataka Bank is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business.
TTM PE : 6.19 (High PE)
Sector PE : 25.76
Beta : 1.83
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
5.78% away from 52 week high
Outperformer - Karnataka Bank up by 11.1% v/s NIFTY 50 up by 8.62% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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Breakout from symmetrical triangle pattern!Stock has breakout from symmetrical triangle pattern and trading above horizontal trend line. Good to go long @ current levels with risk @ 245 for targets of 300.
KTKBANKMarket 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.
a long after longwe got a good trade setup will see how it plays
bank is in uptrend for long and hope to remain like this
KTKBANKKTK BANK FOR SWING
Stock trading above 100 DMA as well as above 20℅ reverse from last 6 month Low ,
It's Bullish sing
