Technical Analysis of Indian Equities by Nooresh

Karnataka Bank – Speculative buy above 153 for a target of 175

ktk bank

 

The stock has given a falling trendline breakout some time back.

 

over the past few days keeps getting resistance around 153. Sustaining above 153 can see a move to 165-175 in a fast manner.

 

An alternate trade would be to short kotak and buy ktk.

 

Please do your risk management as its a momentum trade on breakout only

 

 

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Article by Nooresh Merani

Nooresh has written 2595 articles.

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