KTK Bank Bearish Set upLooks more like distribution rather than accumulation. Think we test 200 and if that doesn't hold its scary but we go test the weekly 200 ema wherever that might be post the breakdown.
KTKBANK trade ideas
55% Target Bank StockKarnataka 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.
Key Points
# Undervalued
# Dividend Yield 2.21 %
# Rising YOY Revenue & Profit
# Rising Reserves & Assets
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
### Trading Idea for Karnataka Bank (KTKBANK) on NSE: Bullish R
#### Overview:
Karnataka Bank (KTKBANK) is showing potential for a bullish reversal from its current price levels. Based on a detailed analysis of the stock's price action and underlying fundamentals, here's an investment thesis that could interest traders looking for opportunities in the banking sector.
#### Technical Analysis:
- **Price Levels:** The stock is currently trading around ₹228.90, which is near a strong support level at ₹222.50. This area has historically seen strong buying interest.
- **Trend:** The stock has maintained an upward trajectory, indicated by a clear trend line since last year. The proximity to this trend line suggests potential for a bounce back.
- **Resistance:** The immediate resistance is observed at ₹240.15. A breakout above this level could lead to further upward movement, with a secondary target around ₹260.
#### Fundamental Perspective:
- **Earnings Growth:** Keep an eye
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
KTKBANKThese are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This I am not sebi ragister I am not sebi ragister I
Karnataka Bank (KTKBANK) Breaking Out in WTFNSE:KTKBANK is giving a breakout. Volumes are okay but could be better, I prefer 3x or higher of 20 day average of volume in breakout. This is around 2X which is not too bad.
Week isn't over so keep an eye on it till EOD.
KTKBANK MACD CROSSOVERThe MACD histogram turns red on the weekly chart indicating that the strength lies with the bears. The MACD has crossed the signal line tiggering sell signal.
The candle stick patterns show indecision, however the red bodies are slowly becoming bigger.
The Fibonnaci retracement shows important levels to monitor with most important support at 175 with strong resistance at 257.
Target 316.65 Duration 1 to 5 monthsGood Breakout going on, Good financial sector, Good results So target 316.65 . Duration 1 to 5 months.
8336 Pull back set upReason for long
a) Good pull back zone with price at mid of rainbow indicator
b) Rainbow, Supertrend and super vwap long.. Goood sign for long
c) Renko and QQE is negative and hence SL compulsory
d) falling candle has low bear volume and previous rising candle has high bull volume. Hence probability of long is above 55% for long
SL compulsory
KTKBANK Swing TradeRetested previous swing low and reversing RSI. Best time to target good Risk Reward Ratio. Its likely to form flag pattern and then possible for 52 week high breakout. Risk/Reward ration : 10%/20 or More ..
CMP: 135
disclaimer: I am not responsible for you profits and losses.
KTKBANK - Break-out with good volumeKTKBANK - Break-out with good volume
Expect a quick move upside.
Multi time frame Breakout
An opportunity in the Karnataka BankAfter a 1.5 yr long accumulation, the share price broke out, and right now, it is near a crucial zone a breakout has happened already but it in a process to test it again, if tested positively then boom else short it.
KARNATAKA BANK...Kar Natak or No NatakBuy Good breakout of a price range..so hence no choice but to go long
Swing Buy CallScript-KTKBANK
Buy around 74.5
Stop loss 2%-3%
Target 8%-12%
Holding Period 1-2 weeks.
Karnataka Bank...this trade is No NATAK...Good breakout..for delivery...stop and tgt given.. Enter with risk reward ratio..
Ascending triangle pattern breakdownReason to short:
The KTKBANK is volatility in day time frame, Monthly shows the bear's are intact.
Weekly, Ascending triangle pattern breakdown
Weekly, Support broken.
short KTKBANKKTKBANK will be facing resistance from the trendline as can be seen in the chart. will be shorting it in the smaller time frame.
A stock poised for change in trend( CP 75₹ )KTKBANK has been in a structural downtrend since june 2017 correcting all the way from levels of 140 till 30 ₹. The stock has changed the trend and looks poised again for a bounce back rally as it has recently crossed 120 ema by 13 ema. All bears are looking exhausted at the current trend and bulls are ready to grab the opportunity. Long positions in the stock can reach till a TGT of ₹88 and a stop loss of ₹68.
Karnataka Bank Big Breakout after 4 Years₹Karnataka Bank Chart:-
₹Karnataka Bank Broke out Big Resistance after 4 Years.
Resistance and Inverted H&S Pattern both Broke out.
Entry:- ₹73-₹77
Targets:- ₹112/₹153
Exit:- Below $70
KTK BANK is getting ready for 50% Moveonce the 4yrs Wedge pattern Breaks, we can expect 50% move
Confirmation:
Forming Cup and Handle in the bottom of the wedge or asc triangle
Handle is forming as asc ext. triangle
Expected target 110
Long KTK bankFirst target - 75
Second target -88
Final target - 99
5 weeks of consolidation after making a new 52 week high
Should see a breakout within a week's time
