KTKBANK trade ideas
Karnataka Bank Swing TradeWill you keep your long? Its consolidating and if you have the stock with you, you already attained zen. But short-term people will play the swings because of the low-risk high reward benefit as it is near the channel.
Karnatak Bank1) Resistance at triple top
2) Bank is unabale to show credit growth in last 5-6 quaters
3) Though it trades at less than book value , trend has been negative
4) BN bearish likely to pull it back to 107 levels
5) Moving in a channel
KTK Bank - Trend ReversalNSE:KTKBANK is showing signs of strong reversal with last few days having above average volume.
Long above 127.30
T1 - 134.50
T2 - 143.50
SL - 122.70
Sell on Rise in Futures Look for sell set up near 114/113.50 and then one can go short on Reversal in 1 Hour with stop above it , This one will go very sharp , and it can be fast too ,
if failed to move and cracked , then look for sell set up
DAILY MARKET OUTLOOK AND POSSIBLE SETUPSWe have seen some possible setups in the market, So I have decided to share my some knowledge to other traders who want to understand price action analysis and I suggest to the new trader to do not make analysis more complicated, make it simple. I hope it will help and this video is for education purpose only, I do not recommend to anyone for buy or sell, Do your own research before trading.
KARNATAKA BANK BUY TAKEN ON CMPAs we discussed in our last analysis of Karnataka bank, we have seen a trend change signal and finally I have seen a control of buyer in this zone so I take a trade.
KARNATAKA BANK GIVING A SIGN OF TREND CHANGE We have seen downtrend in Karnataka bank from last July 2017 but today we have seen first sign of change in trend with momentum and triple bottom and bounce from support and if price go in our favour will hold for tgt @170 So its pure technical and we trade only on technical
accumulation opportunities on the banking gemprice advance with declining volume
expecting bearish divergence on median line approach of PFs
bearish gartley in formation
R1 resistance should be the top
the bottom is the junction of support, outer median line of pitchfork and the standard take profit level 0.618XA of the gartley
Disclaimer... not invested yet...not an investing/trading recommendation
Long on Brake out Retest If Price Brake out form the structure and retest , Its Good to Go long , if failed to move in strong then Look for another drop of 7 % from this level
KTK BANK - Symmetric triangle break outNSE:KTKBANK has broken above the Symmetric triangle.
One can long it above 155.60
T1 - 161.50
T2 - 172.10
SL - 145.90
KTKBANK - BUY ON DIPS It has been observed that the price action is strongly trending up for past two years. Now, after a big rally up, it is consolidating in a triangle pattern and a breakout above it shall further bring upside rally.
Fundamentals Facts:
Market Cap: 4328 Cr
Face Value: 10
Book Value: 175
P/E: 10
P/BV: 0.88
ROCE (5Yrs): 107%
Short Term
T1- 158
T2- 160
SL- 153
Long Term
T1- 180
T2- 200
SL- 140
