Karur Vysya Bank Ltd | Karur Vysya “U” pattern analysis from 2008

Karur Vysya Bank Limited

About Bank: – Karur Vysya Bank is one of the oldest private bank in India. It is more than 100 years old private bank. Despite that bank adopted all the technogical development in the banking sector.

Recent Results

Recent results: – During the year 2020-21 Karur Vysya reported profit of Rs. 359 Crore as compare to the profit for the year 2019-20 of Rs. 235 Crore i.e jump of 53%. On the other hand full year income was down to 6527.07 Crore from 7144.60 Crore.
NPA is improved from 8.68 % to 7.85 %
Net NPA is also improved from 3.92 % to 3.41%

Other Positive Point: – As per the shareholding data available at the bank website (As on 31st March 2021). Mr. Rakesh Jhunjhunwala is holding 4.5 % shares of the bank.
Other Financial Data of the Karur Vysya Bank Limited


Karur Vysya Bank Ltd Chart Analysis


Karur Vysya Bank Limited Chart Analysis
As this is slow moving stock, so for better analysis we have considered the monthly chart from 01/01/2008 to till date. From analysis we have observed that this share respect the support and resistance levels very much.
Also we have observed that it makes “U” pattern before moving up/down. From June 2008 to June 2019 it makes 4 “U” patterns and one reverse “U” pattern. Out of this 4 “U” pattern,2 “U” pattern gives the return of 72 % (Within 3 Months) and 39 % (Within 4 months).
As the overall market sentiments are on positive side and results of the Karur Vysya bank is also improving. So we can watch the movements of this share as this is near to the completion of the “U” pattern once again.

Analysis of the previous "U" pattern

Article By Mr. Ajay Arora

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