KARUR VYSYA Daily NSE Stock Chart Technical Analysis:
Karur Vysya managed to close at 511, higher than its resistance.
Market Outlook:
- The price has tried to rise above its resistance and even managed to close above resistance. This is a positive sign, but is still not convincing enough to take a long position.
- Crossing the previous support price line at 520 and closing above it is what can be seen as an indication to go long, if other indicators support the move.
Technical Indicators:
- The price has crossed its resistance line of past month and closed above it. The price tried to break resistance last week as well but failed. Lets see if it can manage the same this time.
- The price is still below its 20 DMA.
- Earlier, the price was taking support on its 100 DMA but has since fallen below it.
- If price falls, support is available around 484.
KARUR VYSYA Daily NSE Stock Chart Technical Analysis
Earlier posts on Karur Vysya
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