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
23 May, 2015 11:16 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
RBI removes restrictions on new FII investment in Ipca Lab - 22-May-2015 18:30
RBI raises FII investment limit in Somany Ceramics to 40% - 22-May-2015 18:20
ITC Q4 profit climbs 3.6%, misses forecasts - 22-May-2015 17:38
Karnataka Bank quarterly profit jumps 65.5% - 22-May-2015 15:50
Tata Motors launches PRIMA in Bangladesh - 22-May-2015 15:42
Tata Motors launches PRIMA in Bangladesh - 22-May-2015 15:42
Strides Arcolab turns to profit in Jan-Mar quarter - 22-May-2015 15:30
Punj Lloyd reports Rs 2.69 bn profit in Q4 - 22-May-2015 15:25
No order to recall Maggi Noodles being sold: Nestle India - 22-May-2015 15:19
SBI witnesses improvement in asset quality - 22-May-2015 14:24
Hi-Tech Gears Q4 profit surges 83.78% - 22-May-2015 14:02
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