Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
28 January, 2015 17:35 IST
`Sell` Karnataka Bank on rallies Rs 140 for target Rs 120: Rahul Randeria
Source: IRIS | 21 Nov, 2012, 12.04PM
Comments  |  Post Comment

''Traders can sell Karnataka Bank on rallies Rs 140 for a target of Rs 120 with a strict stop loss placed below Rs 148 from perspective of 4-5 weeks,'' said Rahul Randeria, technical analyst, IDBI Capital.

"Yesterday, KTK Bank has formed a Bearish Candle on the daily charts. The rally has exhausted breaking the rising trend line support in the overbought territory. On the oscillator's front; RSI & MACD are placed with a negative divergence on the daily charts,'' said Randeria.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Idea Cellular standalone quarterly profit jumps 64.00% - 28-Jan-2015 17:16
Jyothy Laboratories consolidated quarterly net rises 19.99% - 28-Jan-2015 17:04
Amara Raja Batteries standalone quarterly profit climbs 7.71% - 28-Jan-2015 16:56
Gujarat State Fertilizers & Chemicals standalone quarterly profit climbs 2.24% - 28-Jan-2015 16:52
Aditya Birla Money swings to profit in Oct-Dec quarter - 28-Jan-2015 16:41
Bharat Gears turns to profit in Oct-Dec quarter - 28-Jan-2015 16:34
Astral Poly Technik standalone quarterly net plummets 47.85% - 28-Jan-2015 16:30
Envair Electrodyne loss widens in Oct-Dec quarter - 28-Jan-2015 16:27
NELCO consolidated loss widens in Oct-Dec quarter - 28-Jan-2015 16:17
Dai-Ichi Karkaria standalone quarterly earnings rise 36.07% - 28-Jan-2015 16:09
Bharat Bijlee turns to loss in Oct-Dec quarter - 28-Jan-2015 16:04
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer