,it will have strong resistance at the long term TL (support turned resistance) line around 280 - 300 range. Scrip is technically weak, and fundamentally a broke. The market is moving with reasons either for technical or fundamental objectives. So there is definitely a reason that the stock is oversold and can show some buying interest make an up move based on ...
Nifty is entering in the very crucial range(10900-11200), and how it going to behave in this consolidation range is going to plot the further trace about it. But as of now, there is a clear wave pattern formation is visible on the charts correction is still pending according to Elliot Wave theory, whether it is for the 10-year long bull run(Target around ...
This scrip is really in bad shape , and when you check it in Candlestick or Line chart , You will die but never understand whats the hack is happening , but when you turn the same to Ranko or Fixed Range Bars , You might be able to get some idea ,
Now there was lots of talk , Many Point & F chart Masters ware speculating this will likely turn up side , ...
Karnataka bank CHART HAS COMPLETED ITS Bearish BAT pattern NOW TIME FOR REVERSAL.
I am not expert in this kind of chart ,this is my first attempt may be expert can guide/comment.
Your comments and Guidance welcome
LEVELS MENTIONED IN THE CHART.
Also, the RSI gives no pre-guess for a directional move. Waiting for a breakout would be a better strategy.
It is very important to do your own analysis before making any investment based on the chart mentioned here.