J & K BANK LTD.Long
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.