Karur Vysya - Trading bet - In last leg or nearing blue sky?

Karur Vysya Bank

Fundamentals
- PE less than IND PE at 9.75 , PBV near IND PBV at 1.93
- PEG is 0.2
- Very good sales and profit growth
- DII interest is up in last 1 year from 30% to 36%

Technicals
- Multi year Cup and handle formation in weekly charts
- Smooth sailing to more than 75% of Cup and handle target of 220

Target
[High Risk] Last leg target of 210>220

To reduce risk, hold at acceptable valuation as per risk appetite
Beyond Technical AnalysisFundamental AnalysisTechnical Indicators

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