KARURVYASYABANK broke the support zone and trading below the support zone and we can see there is no buyer as of now,Wait for seller momentum for confirmation then we can take the trade
I hope you can now see how KARURVYSYA CHART Pattern represents an excellent low risk profit entry setup allowing you to trade. Hence the low risk profit entry setup. You will also have seen with the correct price analysis you can determine your entry and exit with high levels of accuracy ensuring the risk/reward is always in your favour..
Thanks for reading ,Good...
8 yr corrective pattern break out . ABCDE corrective pattern complete.
Very good investment candidate in Banking sector.
Look for minimum 80-100% return in 6-8 months.
This stock is following channel, which is holding support zone. If hold this level we can look medium up trend level at 140.
On this this chart we got few patterns, which are drawn.
Positional levels are:
R1 R2 R3 R4 R5 R6 R7 R8 R9 R10 R11 R12
121 122 124 128 130 132 136 141 146 149 153 162
S1 S2 S3 S4 S5 S6 S7 S8
118 117 115 111 109 107 103 99
Cheers!
Buy Karur Vysya Bank above 151
It can also be observed that MACD is also mimicking the rounding bottom of the price action.
T1: 170
T2: 190
T3: 210
SL: 137
After a strong run up the stock consolidated sideways for a couple of weeks and has now given a fresh breakout with good volumes. The stock is expected to continue its upward movement and is good buy above today's candle with a stop loss 118. It is a positional trade for a target of 145, 170.
Traders who are more conservative in their approach can wait for a...
Price edges above the 200-DMA today. From a broader perspective, price seems confined within the green consolidation zone. Within that green zone, there is another smaller congestion zone, call it a fractal if you will.
Nice set-up. Picked up token quantity today.
It is been observed that price action makes a strong support levels at 460 levels where it jumped back price action and formed a descending triangle. Now, it has confirmed a breakout from the triangle indicating further bullishness. It shall move forward to 500 levels as per the measuement of triangle rules.
Target: 500
Stoploss: 475
