The stock of Karnataka Bank jumped 7 per cent accompanied by extraordinary volume on Thursday, breaching a downward sloping trend-line and also 21- as well as 50-DMAs decisively.

With the bullish momentum, the stock has the potential to trend upwards breaching the upper boundary. Targets are ₹83 and ₹85 in the short-term. Traders can buy with a stop-loss at ₹77.