J&K Bank - Bottomed Out??
in the monthly t/f:
a. retracement of .38 which is a positive sign, indicating strength in prior upmove
b. candle (current month) is engulfing the prior 2 candles, i.e., hammer and morning star respectively, though current month candle is dynamic
c. those who follow elliott waves, the price action is indicative of completion of corrective waves.
C&H in formation on monthly, fundamentally good PSU, and with PSU bank charts indicative of a upward rally, this stock may be worth following.
PS: not a buy/sell recommendation, views are for educational purposes only.
a. retracement of .38 which is a positive sign, indicating strength in prior upmove
b. candle (current month) is engulfing the prior 2 candles, i.e., hammer and morning star respectively, though current month candle is dynamic
c. those who follow elliott waves, the price action is indicative of completion of corrective waves.
C&H in formation on monthly, fundamentally good PSU, and with PSU bank charts indicative of a upward rally, this stock may be worth following.
PS: not a buy/sell recommendation, views are for educational purposes only.
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