balkrishna
Long

2019 LET LAKSHMI FOLLOW LAKSHMI VILLAS BANK

NSE:LAKSHVILAS   LAKSHMI VILAS BANK
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The stock is likely to fall to 55-60 levels or else it can see a phase of consolidation between 60-70 levels.
I believe it can give a sharp bounce back to 120 levels ( 50% retracement ) if 50 level (s/l) hold.

Newton's third law: Every action has an equal and opposite reaction.
Remember the sharper the fall, the sharper the rise.
Comment: As expected, the fall has extended to 60. So now start bottom fishing between 55-60.
Comment: The price has bounced back sharply and levels of 50 was held. With bullish momentum it can bounce to higher levels.

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