Buy @ CMP with SL 106 for initial target 126

Hi All,
Does Karnataka Bank qualify for a buy @ CMP of 114 with SL 106 for target 126 and thereafter with trailing SL ?

Thanks
Naveen

 

i would like to buy after it crosses 117.3

 

Hope the euphoria in market continues at least till the target is achieved.

Naveen

 

Well done Naveen.

 

Thank you Masih... But I know and I'm pretty sure that when the markets are running away like this, a buy call like this doesn't make much sense. Almost all buy calls should work out favourably to any one. So I'm not judging myself now. May be I could judge myself in coming times. Thank you all for interacting and making this forum a great place to keep revisiting.

Best Regards,
Naveen

 

Hi Guys.

Forgot to mention that I did a partial exit in this stock as well (@ 118) . I still find it hard to digest suffering SL. So usually I try to avoid such situations. Now my SL is perfect and even if it's hit I wont be suffering loss. May be I should keep trailing SL in coming times. Because, following this method I could be loosing major chunks of my due profits.

Still a learner in stock markets.

Thanks
Naveen