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Monday, 2 December 2013

Karnataka Bank

Technical Desk Call : 20 Dec2013

Positional Buy KTKBANK Above 103 Stoploss 98 Target 112


Ascending Triangle Pattern Chart Example













Remarks: KTKBANK on daily chart had given Ascending Triangle Pattern breakout above 103 level and also has been able to give Two consecutive close above this level so we are of the view that the counter is ready to touch much higher level of atleast 112 where it can phase a stiff resistance and pause for a while...read our disclaimer first before investing. 

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