Technical Analysis: NIC Asia Bank Ltd.

NIC Asia is trading in a range bound of 700 to 750 from 10th of Jan 2016. This is making a good support at this level. Relative Strength Index is in 32.57 levels, indicating price is at low level. From longer term aspect, it is a good signal to accumulate these shares at this level with stop loss below 700 but for shorter term, buy above close of 785 with the target of 1000.

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