Question on KTK BankQuestion on KTK Bank
Near small Support Zone
if bought exit if closes below support..
next important levels mentioned on the chart
KTKBANK trade ideas
KARNATAKA BANK - BULLISHNSE:KTKBANK
(For Learning Purpose)
Currently trading in Wyckoff's Phase 1 (Accumulation)
Test of supply happened and price started to move up with expanding volume
We can clearly see volume expansion when price moves up and volume contraction when price moves down or trading in range
Price might move down to ₹40 - ₹42 range before starting to move up but bullish trend is confirmed only when price crosses ₹55 mark
Long Karnataka Bank 60 SL 40Buy on dips at 45,44,41 at the black lines for a target of 60 & SL at 40
RR 1:3
keep eye on KTKbankkeep 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
KTKBANK LONGKARNATAKA BANK is forming bullish gartley pattern on 4 hour candle.. can go long for the target of atleast 74-75 with a stoploss of 67.5
Karnataka Bank-Short to Mid term view- BearishRefer Chart .. Round top formation breakout done. Indicators also showing weak signals on day and weekly chart. Target and stoploss given as per pattern.
Vijayaraghavan.K,
Chennai.
KTKBANK : Possible Breakout Trade Setup?KTKBANK is consolidating between 130<>138 for more than a week, we'll look for trades on either sides
Entry : Long Abv 138 <=> Short Blw 130 Range
Stoploss : 5% (Closing Basis)
Basic Target: 10%
if you have any queries regarding above idea or any other stock feel free to D'M
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SHORT TERM || SELL || KARNATAKA BANKOne might sell Karnataka Bank with SL of 146 with potential targets at 130/127/123. Adjust volumes as per entry price.
