Arun_000

KARNATAKA BANK - BULLISH

Long
NSE:KTKBANK   KARNATAKA BANK
NSE:KTKBANK

(For Learning Purpose)

  • Currently trading in Wyckoff's Phase 1 (Accumulation)
  • Test of supply happened and price started to move up with expanding volume
  • We can clearly see volume expansion when price moves up and volume contraction when price moves down or trading in range
  • Price might move down to ₹40 - ₹42 range before starting to move up but bullish trend is confirmed only when price crosses ₹55 mark

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