KTKBANK

Karnataka Bank – Weekly Technical View Trend The stock has been in a downtrend after failing to sustain above the 200 EMA zone in June 2025. Current price action is testing the 200-week EMA (thick black line) near ₹172 — a crucial long-term support zone. Support Levels Immediate support: ₹171–₹170 (200 EMA & horizontal zone). Next major support: ₹165 if ₹170 fails. Resistance Levels Immediate resistance: ₹180–₹183 (recent breakdown zone). Next resistance: ₹192–₹195 (confluence of 50 EMA & 100 EMA). Indicators Parabolic SAR: Dots above candles — bearish momentum intact. MACD: Below signal line, negative histogram — momentum weak. RSI (14): Around 37 — bearish but nearing oversold zone. Moving Averages: Price is below 50 & 100 EMA, testing 200 EMA. Chart Structure Stock is approaching make-or-break zone — holding ₹170 could lead to a short-term technical bounce; a breakdown could extend decline to ₹165–₹160. Trading Strategy: As seen on the weekly chart, the stock has been in a continuous decline for the past four weeks. This week, it traded at ₹178.50, made a high of ₹181.00, a low of ₹171.75, and closed at ₹172.15. On the weekly chart, the stock closed by taking strong support at its 200-day EMA. While PSU banks have shown good upward momentum this week, private sector banks like !KTKBAKTK Bank have witnessed a continuous fall. The Q1 FY26 results of KTK Bank are scheduled for 12th August. Based on the chart pattern, I believe the stock may see further downside. For a short-term view, the stock must hold above its 200-day EMA before any fresh entry can be considered. For a long-term perspective, the stock can be accumulated on dips. In my view, the stock has strong support around the ₹150 level for the long term, and on the upside, it has the potential to reach the ₹225–230 range within 3–6 months.