Strong Resistance at 430

Nepal Bangladesh  Bank  Ltd

52 Weeks High :                    Rs. 400

52 Weeks Low :                     Rs. 101

180 Days Average Price:       Rs. 292

Last Week

Open:                                      Rs. 331

High:                                       Rs. 400

Low:                                        Rs. 331

Close :                                     Rs. 365

Volume:                                  3,82,403

Support (Rs.):  330, 296, 261, 227

Resistance(Rs.):  399, 430, 468, 503

Recommendation

Bangladesh Bank have take 97 days to break its consolidation of 321 on 25^th August with 107,496 volume and closed in 331 . Similarly, on next two trading days price and volume both have increased. On 27^th  august it break its previous high of 364. Last week 3,82,403 units of shares were traded and price reached up to 400 but closed at 365. Increment in price is supported by its volume. There is a strong resistance at 430 level.

Sagun Shakya

Technical Analyst

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