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Karnataka Bank Ltd

* On the weekly chart, KTKBANK has delivered a decisive breakout above the falling channel that had been in place since Jan’24, breaching the 212 level with a strong bullish candle and signalling the onset of a medium-term uptrend.

* The breakout is supported by a sharp surge in volumes, highlighting strong market participation and conviction behind the move.

* Momentum indicators remain firmly supportive, with the weekly RSI breaking above the multiple resistance zone near 60 and crossing its reference line, validating the strength of the price action and reinforcing the bullish outlook.

* Sustained trading above the 212 breakout level is likely to attract fresh buying interest and pave the way for further upside in the medium term.

* The above analysis indicates an upside toward 240-248 levels.

* The holding period is 3 to 4 weeks

Buy Karnataka Bank Ltd CMP 218 @ 214-210 Stop loss: 198 Upside: 13%–17%

Astra Microwave Products Ltd

* On the weekly chart, ASTRAMICRO continues to trade within a well-defined rising channel. The stock has recently rebounded from the lower band of the channel and is now advancing toward the upper band, signalling sustained upward momentum.

* The stock has also broken above the horizontal resistance at 1,019 with a strong bullish candle supported by rising volumes, indicating renewed buying interest.

* Further strength is reflected as the price remains well above its key 20, 50, 100, and 200-day SMAs, highlighting a robust bullish structure.

* Momentum indicators remain supportive, with the weekly RSI crossing above its reference line, reinforcing positive momentum.

* The above analysis indicates an upside toward 1,145-1,180 levels. * The holding period is 3 to 4 weeks.

Buy Astra Microwave Products Ltd CMP 1038 @ 1020-1000 Stop loss: 943 Upside: 13% – 17%

Aditya Birla Sun Life Amc Ltd

* On the weekly chart, ABSLAMC has delivered a decisive breakout above the 925 level from a Cup and Handle pattern that had been forming since Dec’24, marked by a strong bullish candle, confirming the continuation of the medium-term uptrend.

* The breakout is further validated by a close above the weekly upper Bollinger Band, generating a fresh buy signal and indicating expanding price momentum.

* Momentum indicators remain supportive, with the weekly RSI crossing above both the 50 mark and its reference line, signalling strengthening bullish momentum. In addition, the RSI has broken out of an inverted Head and Shoulders pattern, reinforcing the positive sentiment and validating the strength in price action.

* The above analysis indicates an upside toward 1,035-1,070 levels.

* The holding period is 3 to 4 weeks.

Buy Aditya Birla Sun Life Amc Ltd CMP 924 @ 920-900 Stop loss: 845 Upside: 14%–18%

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