KTB : Key support at 16, resistance at 17
February 14, 2011 Leave a comment
KTB is a step or two ahead of the pack – possibly a leading indicator for the banking sector for the very near term. The worry here is it fails to rally and hold north of 17 and instead comes back to 15.90-16.00, possibly today (Tuesday 15th) . First main support for KTB is seen at 16.30, with a successful breakout above 17 placing 17.30 as the immediate target.