Good 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...
karnata 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 +
After 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...
KTKBANK
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
📊 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...
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.
Market 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.
NSE: KTKBANK is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on...
BUY KTKBANK PRICE @213 21% ROI EXPECTED
Buy1 cmp entry @213
Target 1 @257
ROI 1 @21
Buy2 Pending entry @158
Target 2 @257
ROI 2 @63
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#KTKBANK trading above Resistance of 244
Next Resistance is at 375
Support is at 133
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
#KTKBANK trading above Resistance of 164
Next Resistance is at 244
Support is at 126
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Karnataka Bank gains 4%, hits over 15-year high on fund raising plans
The board of the private sector lender is scheduled to meet on Friday, September 22, 2023 to consider the raising of funds by issue of equity shares / any other equity linked securities.
Shares of Karnataka Bank hit over 15-year high at Rs 249.95, as they gained 4 per cent on the BSE in...
