Buzzing stocks-Karnataka Bank Limited major support 128

Karnataka Bank Limited stock chart Karnataka Bank Limited stock is trading at 129.75 with a loss on the right issue date. The stock is a major top loser on adjustment.   Karnataka Bank Limited stock was in an absolute uptrend and achieved its target of 157. On downside 149-136 and 128 were support zones but today stock opened gap down on adjustment. On downside 128 is major support and below it, next support is at 115 and 107. On upside 136 is major resistance. Current technical price pattern and indicators suggesting stock might continue to correct towards 115 and 107 support zones in short to medium terms. Karnataka Bank Limited stock is suspended from F&O trading on the right issue.   Karnataka Bank Limited stock on weekly chart suggest below 129, it will remain sell and might touch lower level up to 100 rupees in medium to long terms. For stock tips on WhatsApp with live support and follow-ups join our intraday tips service.

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Pramod Baviskar

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