Janata Bank trading  in the range of Rs. 161 to Rs. 172

52 Weeks High :                       Rs. 210

52 Weeks Low :                       Rs. 119            

180 Days Average Price:       Rs. 169

Last Week

Open:                                      Rs. 170

High:                                        Rs. 170

Low:                                        Rs. 163

Close :                                     Rs. 169

Volume:                                  17,364

Support (Rs.):  166, 163, 159, 156, 153

Resistance(Rs.):  175, 179, 182, 186, 189

Recommendation:

Janata Bank stock price is trading in the consolidation in the range of Rs. 161 to Rs. 172 per unit. The investors need to wait for the price to break out. Bollinger bands have also seen squeezed. We can expect the breakout from this week. Most probably it will break out above and will move in the path of Rs 189 per scrip.  Break out below Rs. 161 will target to Rs. 153

Sagun Shakya

Technical Analyst

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.