Karnataka bank CHART HAS COMPLETED ITS Bearish BAT pattern NOW TIME FOR REVERSAL.
I am not expert in this kind of chart ,this is my first attempt may be expert can guide/comment.
Your comments and Guidance welcome
3L-R Identification Guidelines:
4 bars: The pattern is composed of four bars, three lows and a reversal bar.
Lower lows: Look for two consecutively lower lows (using 3 bars) on the daily chart. It doesn't matter what the
high prices of these ...
Will you keep your long? Its consolidating and if you have the stock with you, you already attained zen. But short-term people will play the swings because of the low-risk high reward benefit as it is near the channel.
1) Resistance at triple top
2) Bank is unabale to show credit growth in last 5-6 quaters
3) Though it trades at less than book value , trend has been negative
4) BN bearish likely to pull it back to 107 levels
5) Moving in a channel