Karnataka Bank

Karnataka Bank(KTKBANK) has broke out of a double bottom with bottom at 118 and neckline at 137. Today the stock has broke out on very huge volumes. The stock is now trading above all moving averages. The stock can be bought for targets of 157-160 in coming days

I personally believe stock could head up to 188-200. The stock has good dividend yield too. The Ex-date for Rs. 5 dividend is 8-July-2015.