Everest Bank share price trading above its MA
Fri, Jun 6, 2014 12:00 AM on Technical Analysis,
52 Weeks High : Rs. 2,415
52 Weeks Low : Rs. 1,015
180 Days Average Price: Rs. 1,991
90 Days Average Price: Rs. 2,177
60 Days Average Price: Rs. 2,188
30 Days Average Price: Rs. 2,262
Last Week
Open: Rs. 2,340
High: Rs. 2,415
Low: Rs. 2,290
Close : Rs. 2,375
Volume: 23,101
Support (Rs.): 2,330, 2,245, 2,185, 2,080
Resistance(Rs.): 2,500, 2,620, 2,860, 3,030
Recommendatio
Everest Bank share price is trading above its both longer and shorter moving average price. Closing price of EBL is Rs. 2,375. Longer term 180 days moving price is Rs. 1,991 and shorter term 30 days moving average price is Rs. 2,262.This indicates that EBL share prices will make a move in a short span of time as it recently crossed its 30 day moving average price.
On 4th May EBL price breached its last high price of Rs. 2,360 (22nd December 2013) and close at a new high of Rs. 2,410. Major resistance is at Rs. 2,620, a break above this resistance is necessary to accelerate the bullish move . Overall, the short term bullish trends remains valid, and further upside is expected to Rs 3,030.
Sagun Shakya
Technical Analyst
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