KARUR VYSYA BANK LTDPanjang
Karur Vysya Bank looking bullish with great RR
Let's see step by step analysis
First price action : Area arnd 58.75- 58.8 is a support where stock was able to form a base and today formed a good bullish candle with a vol spike
Fibonacci Cluster :
There are two Fibonacci retracements plotted. (1) By taking 53.55 as swing low & (2) By taking 42.1 as swing low. So 50% retracement of (1) is exactly coinciding with 23.6 % of (2).
And this coincidence is at the price range which we got with the help of price action. So a good buy can be initiated above 61.5 with 58.5 as Sl for the target of 67.7
First price action : Area arnd 58.75- 58.8 is a support where stock was able to form a base and today formed a good bullish candle with a vol spike
Fibonacci Cluster :
There are two Fibonacci retracements plotted. (1) By taking 53.55 as swing low & (2) By taking 42.1 as swing low. So 50% retracement of (1) is exactly coinciding with 23.6 % of (2).
And this coincidence is at the price range which we got with the help of price action. So a good buy can be initiated above 61.5 with 58.5 as Sl for the target of 67.7
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.