Wait and Watch NBB
Tue, Feb 10, 2015 12:00 AM on Technical Analysis,
52 Weeks High : Rs. 770
52 Weeks Low : Rs. 283
180 Days EMA: Rs. 541
20 Days EMA: Rs. 517
5 Days EMA: Rs. 530
Higher Breakout Level: Rs. 740
Lower Breakout Level: Rs. 400
Date Volume:
11/30/2014 37,121
1/19/2015 40,679
1/20/2015 43,156
Support (Rs.): 480, 400
Resistance (Rs.): 550, 660
Share price of Nepal Bangladesh Bank is in a bullish trend.
Closing price 525 is trading below its 180 days EMA and 5 days EMA.
RSI is in 57, a neutral zone and no divergences are formed.
MACD line has touched the signal line.
Doji candlestick was formed on 29th of January.
Recommendation
Although this script is in a bullish trend, price may retest 500 level before moving ahead. So, we recommend to wait and watch at this level. Meanwhile, breaching of 550 level indicates buy signal with stop of 480 targeting 660 and 740.
Technical Analyst
Abin Byanjankar
Akhilesh Bikram Sthapit
Anjan Man Singh Baniya
Bishnu Prashad Tripathi
Shailendra Shrestha
Ujjwal Phuyal
(Trainee - Sharesansar Technical Analysis Class)
Opinions expressed are those of the individual authors and do not necessarily represent the opinion of sharesansar.com This commentary is a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. IMS Investment Management Services Pvt. Ltd accepts no liability whatsoever for any loss arising from any use of this contents.
