Hello Friends,
Markets are Falling Continuously since last few weeks, The Fall is still a Fall in Uptrend, Many Stocks are Getting Back to Their Breakout Levels for retesting the Breakout zones. Technically the Retesting process is assumed as a Important development for Entering the Stocks. While searching Charts I came across a good Bank and Sharing it for all..
Stock to be Discussed is : KARNATAKA BANK LTD.
The Stock is a Banking Stock and the sector is currently worst performing sector. Let's visit the Chart for a Quick Review of What's happening in the Stock.
This is a Monthly Chart of the Stock, We can Clearly see a Breakout From Falling Trendline, Now with the fall in overall Markets and Particularly Banking Stocks, The Stock is returning to the Falling Trendline Support and a Confluence Point at 108 levels. The Stock if Holds this level and Shows reversal, It can be a Great Opportunity to Enter for a big Reward.
Recommendation :
Karnataka Bank Ltd.
Buy Near 108
Stoploss : 99 -98
Targets : 117 - 129 - 162
The Risk Reward is Very Nice at this level with 10 Rs. Risk and 9 - 21 - 54 Rs. Reward.
FUTURE TRADERS :
Lot Size For this Stock is 3800
Risk Per Lot Future is 38000
Reward per Lot Future will be : 34200 - 79800 - 205200
Options Traders :
BUY KTKBANK 115 Call (MARCH 2018) @ 4 (CMP 5.50+)
Stoploss : 2
Targets : 8 - 12
Stoploss : 2
Targets : 8 - 12
Lot Size : 3800
Investment : 15200
Investment : 15200
Risk : 7600
Reward : 15200 - 30400
Disclaimer :
The Analysis is done by a Globally recognized Technical Analyst, Global Market Expert and SEBI Certified Investment Adviser ATUL S SHINDE. He is Having 10 years of Experience in International as well as Indian Markets as an Analyst, Adviser and Fund Manager. The Stock may or May not be in his Personal Portfolio, But it is Recommended to his HNI Clients for Investment Purpose.
Want to Learn Similar Kind Of Analysis From the Analyst ??
Drop us a Message on paidsignals@gmail.com Mention Your Name, City and WhatsApp No. We Will update you about the Programs.
#ktkbank #banknifty #nse #bse #nifty #sensex #options #trading #investment #futures #optionsmagician #atulshinde
