AbhishekHSinghCMT

Karnataka Bank- B-Wave Triangle & Struggling in bigger sideways

NSE:KTKBANK   KARNATAKA BANK
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4
This stock looks like travelling in B-Wave Triangle which will be valid till the top@199 is intact. Intact means KB should not close above 199. If KB respects the trendline coming from 210-199- Likely I am expecting C-leg to finish this sequence which started from 285 highs in 2008.

This stock will be on radar & shall wait to see its price action in coming days.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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Comments

Sir,is it not Right's adjustment
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I am the least fundamental guy & on the rarest of occasions I refer news because I firmly believe- crowds never get news on time or small fishes get used up news which is why they become victims to sharks & big fishes.
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AbhishekHSinghCMT AbhishekHSinghCMT
Likely we will watch this stock any move above the gap down shall take close to 170-180's but as suggested it should not close above 199 otherwise this pattern gets invalidated.
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