KARNATAKA BANK LTDPembelian
KTKBANK - Weekly Chart Analysis, CMP-272.50
After breaking the previous all time high levels (176-194) it went into another base formation of 15 weeks and 18% range. Volumes are decent.
Overall PSU Banking sector is hot and showing strength.
Now 210-218 shall act as initial support. Main support will be 176-194 which was previous resistance and now it shall act as a support. Weekly close below these levels and follow through shall invalidate our view.
327 - 509 are the levels which can be tested over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Overall PSU Banking sector is hot and showing strength.
Now 210-218 shall act as initial support. Main support will be 176-194 which was previous resistance and now it shall act as a support. Weekly close below these levels and follow through shall invalidate our view.
327 - 509 are the levels which can be tested over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
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