Break out of Symmetric triangle of Nepal Life Insurance Company Ltd.
- ShareSansar, March 20, 2016 on Featured , Latest , Technical Analysis , Technical Call
Nepal Life Insurance Company Ltd. has given the break out of a symmetric triangle on 15th march 2016 with a closing price of 3,250.
Moving Average: Trading above its 5 day, 20 day and 180 day exponential moving average. Made a Golden cross on 14th March.
Candlestick: Could not able to close below 3100 level and made a long candle in last trading day.
Relative Strength Index: No negative divergence seen at this moment and is at 79.75 level.
MACD: Signal live is moving forward to positive zone.
Overview: Reading all the indicators Nepal Life Insurance Company Ltd. has started the upper trend . Buying range is 3350-3600, need to be alert at 3100 with target of 3850 and 4900.
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.