KTB : Key support at 16, resistance at 17

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: