#DHANBANK 44.16 TGT 70+ #BankNifty #Stocks #Nifty #Watchlist #ITDHANBANK 44.16
TGT 71 // 78
SL 42
TF < 6M
RR > 4
Return >70%
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KTKBANK
Break out time for Karnataka bank. Worth the risk nowRight now in good support area. Expecting upside from here. Hopefully it respects my stop loss. First target 280 maybe more till a resistance up there
KTKBANKNSE:KTKBANK
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Karnataka Bank Technical ViewKarnataka Bank - KTKBANK CMP 129.30
Broken the upside resistance of 127.5 and closed above it today.
Trading at 52 week high.
Short-term Target possibly 139-141.
Stop Loss a close below 127.50
Karnataka Bank shows recoverySome recovery can be seen after the recent sell off. There is monthly support at 110 area and market has respected the same. Market took support around 110 and since then has been ranging between 110 and 125. The third retest of 110 saw buying with momentum. Expecting this momentum to continue till 140 - 150 range. A look at the open interest indicates that currently market is negatively biased. There is high OI built up at 125CE and 130CE. If momentum persists then short covering can take the price higher. After the break of the current range, targets are marked as T1 and T2.
Propose to wait for the current run to complete and retrace to a level near to 110. Next time when Stoch RSI indicator falls below 20 (or <40) and crosses over the signal line, entry can be taken on the long side. Stop is at 110.
