J&K Bank may touch Rs 150: Manish Hathiramani

Manish Hathiramani, Proprietary Trader and Technical Analyst at Deen Dayal Investments told CNBC-TV18, "If you have a look at all the other banking stocks most have already done their runup or they are still running up slow and steady. Jammu and Kashmir Bank (J&K Bank) when I was looking at the chart since morning I see a very fresh kind of a breakout which is emerged on that and it has taken a lot of time till it had consolidated."

"If you pull up a volume chart you will see reasonably better volumes at every uptake which is very positive and a bullish sign. So my target on J&K Bank is Rs 150 with a stoploss of Rs 130," he added.