KARNATAKA BANK POSSIBLE SET UP

5 мая 2017 г.

The stock has shown week in price movement and long term investors are booking profits , if this becomes the resting of bull trend then the stock should rebound for next move as per 3 level indicated here , if 1st level is respected @ 38.6 % then the stock will see far higher prices in near feature , if the rebound takes at 2nd level then the stock would see moderately new level of high , if stock rebound form 3 rd level then the stock is likely to make another of 15 % rise from this current high ( The add 15 % for current high price as feature target )
if 3rd level is not respected and failed to hold then you can look for downward trend in large sell off mode
Regards