shiv2798

Karnataka Bank Possible reversal Price Zone

NSE:KTKBANK   KARNATAKA BANK
99 4 2
I am not looking any further rally in this stock , down ward momentum is high , its on pause Currently but i am looking the reversal of price Near 140+-3 Points ,
its My personal view
Regards
Comment: Price Gaped down and started towards the Projected Zone
Comment: Price nearing the Possible reversal point
Regards
Trade closed: target reached: Booked my short selling F & O form 178 to 138 , Lot size 3800 and Made 40 Points
Amazingly this one i was very sure even if Market would have not corrected , but this stock was overvalued and i was expecting correction in this stock
Made 152000
Cheers
I THINK WE SHOULD INITIATE INVESTING AROUND 155.
Reply
shiv2798 BellMorgan
@BellMorgan, Yes you are right sir , we can start accumulation near 155 , only when we see the strength ( My personal view)
Thanks for your comment
Regards
Reply
Hi
Can we initiate the trade at short side at current price for tgt of 140 - 145 ?
Thanks
Reply
shiv2798 hotpot64
@hotpot64, Sir Yes and No , because its all depends on your trading style , How much you are ready to risk to take gain , in my view when stock is in middle of top and bottom , we should not risk much ( My personal view ) but surly on 4 Hour or on daily Candle you can look for opportunity for short selling and booking on the same day , no matter even if you end up with brokerage charges , because what we see is also visible to Institutional and they know when all are short , they will push the price high to take out their stops and sell the stocks to them who are short on high price and bring the price back to square one , so its your decision how you would like to take these trades
Regards
Reply
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