Karnataka Bank- B-Wave Triangle & Struggling in bigger sideways

25 באוק׳ 2016

This stock looks like travelling in B-Wave Triangle which will be valid till the top@199 is intact. Intact means KB should not close above 199. If KB respects the trendline coming from 210-199- Likely I am expecting C-leg to finish this sequence which started from 285 highs in 2008.

This stock will be on radar & shall wait to see its price action in coming days.