Karnatka Bank
As you seem to be a very long term investor, we looked at the quarterly charts.Monthly and quarterly charts are for very long term investors who can hld for years and decades and stories of these charts play out on a very large time-frame.
Stock seems to be in wave 3 on a larger scale and a long way to go.It was in correction zone for many years (2008 onwards)
You might see some correction in shorter term, then at 160/180/210 levels.
120-125 should act as strong support.
Quarterly Chart
On monthly charts , it seems to be iii of minor 3rd wave. Seems to be little extended, may give some correction in coming weeks.But overall story remians intact.
Monthly Chart
Happy holding.
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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