KARNATAKA BANK (111.95)
AT SIX MONTH HIGH...
(click on the charts for better view)
Now karanataka Bank is trading at the 6 month high. And most importantly it made Double Top at 114 levels. Without retrace from the 80.30 where the big rally started on late july. By applying indicators and the Double Top formation i tell it's the time to book profit. RSI is at the overbought zone, CCI is just dipping below the 100 mark. The stock got strong support at 102 and 94 and the resistence at 114-120-128.
AT SIX MONTH HIGH...
(click on the charts for better view)
Now karanataka Bank is trading at the 6 month high. And most importantly it made Double Top at 114 levels. Without retrace from the 80.30 where the big rally started on late july. By applying indicators and the Double Top formation i tell it's the time to book profit. RSI is at the overbought zone, CCI is just dipping below the 100 mark. The stock got strong support at 102 and 94 and the resistence at 114-120-128.
posted by Naveen Pantera at 9:39 PM
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