Sunrise Bank heading towards 290

52 Weeks High :                       Rs. 253             

52 Weeks Low :                       Rs. 115             

180 Days Average Price:       Rs. 174

Last Week

Open:                                      Rs. 234

High:                                        Rs. 243                       

Low:                                        Rs. 233

Close :                                     Rs. 236

Volume:                                  48,970

Support (Rs.):  231, 222, 207

Resistance(Rs.):  241, 257, 290

Recommendation

Sunrise Bank stock price was trading in the consolidation in the range of Rs. 211 to Rs. 222 for more than 3 months. On 15th July, price break out the support of  222 level and close at 231. Stock price is heading towards its resistance level of 241.The price found resistance at that level , however the bullish bias remains favored, closing above 241 with good volume will direct the price to its next resistance level of 290 very soon.

Sagun Shakya

Technical Analyst

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