KARNATAKA BANK - BULLISH

KTKBANK

(For Learning Purpose)

• Currently trading in Wyckoff's Phase 1 (Accumulation)
  * Test of supply happened and price started to move up with expanding volume
  * We can clearly see volume expansion when price moves up and volume contraction when price moves down or trading in range
  * Price might move down to ₹40 - ₹42 range before starting to move up but bullish trend is confirmed only when price crosses ₹55 mark