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KTKBANK - Despite big fall showing recovery with momentum

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NSE:KTKBANK   KARNATAKA BANK
Positional analyze for Short term holding (may take some quarters)

Weekly time frame for the last 8 months price was making Lower low, after big fall now RSI Bullish divergence occurring. High probability the price will goto its previous level of Rs.70/-

CMP : 43.25
Any dip / fall is an opportunity for accumulation until 34/-
SL : 30

Target : 70, 88

If you switch to DAILY time frame you will see Inverted Head & Shoulder pattern in forming which is another confirmation and high probability setup.

They provide Rs. 3.50 dividend on average at this price range, it is almost 7% yield per annum and stock is available at 0.25 Price to Book. Due to pressure on the financial sector the stock might be struggling to shoot up. Still it is a good opportunity for us. I'm hoping the stock will continue to attract the investors shortly.

İşlem kapandı: hedefe ulaştı

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.