KARUR VYSYA BANK LTDPanjang
KARURVYSYA : Sequence of Events - possible further upside
Started observing from 18th, when closed at 47.30. (NR7 Breakout)
Entered the trade at 49.50 & still holding (58.7) - HIgh of 60+
18-07-2022: Today Crossed Weekly and Monthly Pivots Upside. On Daily/Weekly time frames Close is above 20 SMA, but on Monthly TF, below 20 SMA. Monthly trend is still -ve, but Weekly trend is changed to +ve. Today Close Crossed Daily SMA-13 Upside. Also Normal NR7 - Breakout
20-07-2022 : Volume is Monthly High. And Daily SMA-13 Crossed D SMA-55
21-07-2022 : Volume is 3-Months Highest. Close crossed 4 week High. On Monthly time frame, close crossed 20-SMA. Trend changed ot +ve on Monthly time also.
22-07-2022 : On Weekly time frame also Close crossed W SMA-13
26-07-2022: Today Volume is the highest in 6 Months. Price Crossed 50-SMA on Monthly time frame.
Very high on momentum and if sustains above 64.25 and breaks 67 - we can see further strong upside moveemnt.
My own understanding -- and this can go wrong (tukka). Please do your own analysis before investing.
Entered the trade at 49.50 & still holding (58.7) - HIgh of 60+
18-07-2022: Today Crossed Weekly and Monthly Pivots Upside. On Daily/Weekly time frames Close is above 20 SMA, but on Monthly TF, below 20 SMA. Monthly trend is still -ve, but Weekly trend is changed to +ve. Today Close Crossed Daily SMA-13 Upside. Also Normal NR7 - Breakout
20-07-2022 : Volume is Monthly High. And Daily SMA-13 Crossed D SMA-55
21-07-2022 : Volume is 3-Months Highest. Close crossed 4 week High. On Monthly time frame, close crossed 20-SMA. Trend changed ot +ve on Monthly time also.
22-07-2022 : On Weekly time frame also Close crossed W SMA-13
26-07-2022: Today Volume is the highest in 6 Months. Price Crossed 50-SMA on Monthly time frame.
Very high on momentum and if sustains above 64.25 and breaks 67 - we can see further strong upside moveemnt.
My own understanding -- and this can go wrong (tukka). Please do your own analysis before investing.
Penafian
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