JK bank has been posting good results since past few quarters. Currently stock price poised around 70. Above 62, it gave a breakout above 5 year highs and since then it has been consolidating.
Management talks of aspiration net profit target of 4000 crores in fy 28, which is nearly 3 times current profits. Tall ask.
Solid blue line marks the neckline of a medium term inverse head and shoulders patttern breakout. Potential resistances marked overhead in dotted lines.
disc; invested as a techno funda bet.
