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Price and trend forecast of KTKBANK for Tomorrow, Weekly, Monthly

The Karnataka Bank Limited

Symbol: NSE:KTKBANK

ISIN: INE614B01018

223.40

As on 2024-04-19

127.00 (52W Low) 285.00 (52W High)

KTKBANK's Today's Performance

The Karnataka Bank Limited started the day by opening at 223.25 today 2024-04-19. Its shares reached a high of 225.50 and dipped to a low of 220.50 in intraday. When the markets closed, KTKBANK’s stock price settled at ₹223.40 per share. Also check out its key support and resistance levels.

KTKBANK Buy/Sell Targets

Tomorrow, sell KTKBANK when its price reaches ₹ 223.40 with a stop-loss order at ₹ 225.43. You can set the target price as ₹ 221.38 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of KTKBANK for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for KTKBANK

Downside Targets Value in ₹
Tomorrow Down Target 1 226
Tomorrow Down Target 2 228
Tomorrow Down Target 3 231

Important Levels for KTKBANK

Holding Levels Value in ₹
Tomorrow Up Target 1 221
Tomorrow Up Target 2 218
Tomorrow Up Target 3 216
Based on where the stock opens tomorrow, if KTKBANK opens on a positive note, our first target will be ₹226. If Target 1 is achieved, we will aim for Target 2 which is ₹228.

But if KTKBANK falls below the average value of ₹223.13, you can enter a sell side position with target number 1 - ₹221 and second target - ₹218 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of KTKBANK

Looking at KTKBANK, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, KTKBANK has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for KTKBANK is moderate bearish.

Tomorrow's Volume based share price Forecast for KTKBANK

KTKBANK's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 38%.

Reversal detection for KTKBANK

Predicted trend chart of KTKBANK tomorrow for price forecast
KTKBANK may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹226 in morning tomorrow
Target 1 tomorrow225
Target 2 tomorrow226
Target 3 tomorrow228
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with KTKBANK's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if KTKBANK opens on a positive note, our first target will be ₹225.77. If Target 1 is achieved, we will aim for Target 2 which is ₹228.13.

But if KTKBANK falls below the average value of ₹223.13, you can enter a sell side position with target number 1 - ₹220.77 and second target - ₹218.13

KTKBANK's Weekly Targets
1st Up Target 228.70
2nd Up Target 234.00
1st Down Target 219.30
2nd Down Target 215.20

As the week for KTKBANK ended on bearish sentiments, we can expect further continuation of this sentiment. KTKBANK's initial target will be 228.70 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 219.30 in the upcoming week.

Weekly OHLC Values
Open 229.50
High 229.90
Low 220.50
Close 223.40

Week for KTKBANK started with an open price of 229.50, and the close was at 223.40. KTKBANK reached the highest of 229.90 and dipped lowest up to 220.50 last week. This indicates a bearish sentiment for the week.

KTKBANK full month swing targets
Monthly Up Target 1 238.10
Monthly Up Target 2 243.40
Monthly Down Target 1 209.90
Monthly Down Target 2 196.40

Targets of ₹238.10 can be expected to be reached in the coming month. Once KTKBANK achieved this target, we can aim for the next upside target of ₹243.40.

KTKBANK if fails to hold upside, down targets of ₹209.90 and ₹196.40 can be achieved by end of this month.

For complete three weeks if KTKBANK is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as KTKBANK

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

KTKBANK is expected to reach the target of 225.77 in tomorrow's trading session.

After achieving the initial target in KTKBANK, we will aim for higher targets of 228.13 tomorrow.

However, if KTKBANK starts to trade below ₹223.13, then we will shift our focus to the sell side and aim for down targets of 220.77 and 218.13.