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.


Sagun Shakya
-Technical Analyst-



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