KTKBANK trade ideas
[Positional] KTKBank Sideways TrendKTKBank is in Sideways trend and it is unable to break the upper range. You should sell it tomorrow if it breaks PDL or You can also blind sell it the moment it gives a spike upside. I will not keep any stop loss.
ktk bank - next big breakoutaccumulate ktkbank sl 112 positional
inverse head and shoulder
breakout point -125
KARNATAKA BANK ...KARNATAKA BANK A NON PERFORMING BANK TILL NOW LIKELY TO MOVE 122.5 WITH 120 SL FOR 128-130 TGTS...
CHEERS..
Karnataka Bank (KTKBANK) monthly chart studyBuy KTKBANK at CMP (114+) and on dips upto 106
Targets: Open
SL: 92
Bearish BAT pattern In Karnataka bank Karnataka bank CHART HAS COMPLETED ITS Bearish BAT pattern NOW TIME FOR REVERSAL.
I am not expert in this kind of chart ,this is my first attempt may be expert can guide/comment.
Your comments and Guidance welcome
KTKBANK 122.5 CE Sell @2 for TG 0 by this ExpiryResistance at 124 and 127.5...Double TOP Formation on Daily Chart
LONG Small risk 3LR Pattern on KTKBANK3L-R Identification Guidelines:
Characteristic Discussion
4 bars: The pattern is composed of four bars, three lows and a reversal bar.
Lower lows: Look for two consecutively lower lows (using 3 bars) on the daily chart. It doesn't matter what the
high prices of these bars look like, only that each low is consecutively lower than the prior low.
Higher high: The last bar in the pattern has a high that is above the first bar in the pattern. It doesn't matter at
what price the low is on this bar.
3L-R Trading Tips
Trading Tactic Explanation
Continuation: The pattern acts as a continuation pattern 53% of the time. In other words, the
pattern fails more often than it works since it's supposed to act as a reversal.
Continuation: 3L-Rs acting as continuations outperform those acting as reversals of the short-term
trend. That means look for price to rise leading into the 3L-R (gains averaged 9%
(continuations) versus 8% for reversals. The results were the same in bear markets.
Buy : Buy at the open the day after the last bar in the pattern.
Measure rule : The 3L-R fulfills the measure rule 56% of the time (bull market). That is, measure the
height of the pattern and add it to the high price to get an upward target.
Long ContinuationThis scrip we entered in during turning point , i am hoping to run this up to 114 , any thing above it Bonus ,
Karnataka bank Short term view-Bullish1.Daily MACD crossover may happen on upcoming days
2. Symm.triangle breakout done.
3.Weely indicators are slowly turning to bearish to bullish.
