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Technical Analysis on Everest Insurance Company Ltd.

- ShareSansar, June 12, 2016  on Featured , Latest , Technical Analysis , Technical Call
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Everest Insurance Company Ltd.

52 Weeks High Price – 1,900
52 Weeks Low Price – 647

Company Last Trading
High- 1,900
Low-1,800
Closing Price – 1,900
Volume – 7,864

Support And Resistance
Resistance 3- 2,800
Resistance 2- 2,150
Resistance 1 – 1,970
Support 1 – 1,670

Support 2 – 1,420
Support 3 – 1,200

Higher Breakout Level – Not such level is seen
Lower Breakout Level – 1,670

Trend 
Long Term: Up
Mid Term: Up
Short Term: Up

Pattern Analysis
Chart Patterns- No any pattern have formed
Candlestick Pattern – Long candlesticks are forming
Volume Pattern- Trading above its average volume

Oscillator (OB/OS)
RSI – Trading above 70 Level
Bollinger Bands – Trading above the Upper Band
MACD- Bullish Zone
Moving Average – Trading above 180 EMA , 20 EMA , 5 EMA
Conclusion
Buy – 1,670 -1,750
1st Target – 2,150
2nd Target- 2,800
Risk Level – Closing below 1,670

Sagun Shakya
-Technical Analyst-

 

Disclamer:
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.

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