Technical Analysis on Janaki Finance Ltd.

52 Weeks High Price – 450 52 Weeks Low Price - 290 Company Last Trading  High- 348 Low-340 Closing Price - 342 Volume – 617 Support And Resistance Resistance 3-   540                                                      Resistance 2-   450 Resistance 1 -  380 Support 1 –     310 Support 2 –     290 Support 3 –     230     Higher Breakout  Level -   360                                                         Lower Breakout Level -    320                                                                                                                         Trend (Up/Down) Long Term:   Down Mid Term:     Up                   Short Term:   Up   Pattern Analysis Chart Patterns- Trading inside the Symetric Triangle Candlestick Pattern -  Normal candlesticks are forming Volume Pattern- Trading below its average volume Oscillator (OB/OS) RSI -  Trading in Neutral Zone Bollinger Bands –  Upper Band and Lower Band are near to each other. MACD-  Bullish Zone Moving Average -  Golden Cross between  20 EMA , 5 EMA but Trading below 180 EMA   Conclusion                 Buy - 335 - 355 1^st Target -     450 2^nd Target-     540 Risk Level –   Closing below 320   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.