Karur Vysya Reaches Support Line @ 520: Possible Buy If Rises

KARUR VYSYA BANK Daily NSE Stock Chart Technical Analysis:

Karur Vysya CMP 520.9 after opening at 529.5.

Market Outlook:

• The price has potential to move upwards in a day or two.  Keep watching Karur Vysya.
• If it moves up with good trading volume, the target is around 546-550 levels.

Technical Indicators:

• Fibonacci 23.6% support at Rs. 520.  
• Price has taken multiple support at 520 in the past and has formed a double bottom today in a span of one month.
• The stock price is already in the oversold levels and so could rise again soon.
• If price closes below 520, it will have a tough time rising up again and will stay down for some more time.

KARUR VYSYA BANK Daily NSE Stock Chart Technical Analysis