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Stock analysis The Karnataka Bank Limited KTKBANK

More indepth analysis on MunafaSutra.com

Moving Averages for The Karnataka Bank Limited

  • 5Day Average: 206.39
  • 12Day Average: 215.41
  • 20Day Average: 219.97
  • 50Day Average: 225.45
  • 100Day Average: 224.78
  • 150Day Average: 224.27
  • 200Day Average: 229.29

KTKBANK Indicators & signals

Indicator MACD (12,26,9)

213.76, 219.62, -4.18
Indicator MACD is in negative zone

Indicator ADX (14)

14.1, 19.91, 26.44
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of KTKBANK The Karnataka Bank Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Wed Oct 2024 213.07 205.86 to 214.60 3.07% 0.82 times
29 Tue Oct 2024 206.73 200.25 to 208.29 2.88% 0.76 times
28 Mon Oct 2024 200.94 200.15 to 204.09 -0.72% 0.92 times
25 Fri Oct 2024 202.39 201.44 to 210.98 -3.07% 1.11 times
24 Thu Oct 2024 208.80 206.50 to 212.00 -2.69% 1.22 times
23 Wed Oct 2024 214.58 209.25 to 217.06 0.26% 0.87 times
22 Tue Oct 2024 214.02 211.20 to 217.87 -1.3% 1.01 times
21 Mon Oct 2024 216.83 216.05 to 223.90 -2.55% 1.6 times
18 Fri Oct 2024 222.50 222.10 to 226.81 -2.3% 1.3 times
17 Thu Oct 2024 227.74 226.00 to 229.98 -1.18% 0.39 times
16 Wed Oct 2024 230.45 224.00 to 231.99 1.56% 0.83 times
15 Tue Oct 2024 226.92 224.90 to 229.00 0.01% 0.61 times

Technical analysis forecast for The Karnataka Bank Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT The Karnataka Bank Limited KTKBANK at this time. Stock is falling and might fall more.

It appears as if The Karnataka Bank Limited KTKBANK gave a large move recently.

Stock of The Karnataka Bank Limited (KTKBANK) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of The Karnataka Bank Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 208.4 as stoploss in an intra day buy trade for a target of 217.76. However, stock will show a bearish move below 208.4.

More indepth analysis on MunafaSutra.com