KARNATAKA BANK POSSIBLE SET UP
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
if 3rd level is not respected and failed to hold then you can look for downward trend in large sell off mode
Regards
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