Nabil resistance at 1,925

Nabil  Bank  Ltd

52 Weeks High :                    Rs. 2,000

52 Weeks Low :                     Rs. 831

180 Days Average Price:       Rs. 1,755

Last Week

Open:                                      Rs. 1,830

High:                                       Rs. 1,840

Low:                                        Rs. 1,799

Close :                                     Rs. 1,820

Volume:                                  10,357

Support (Rs.):  1,799,  1,778,  1,737,  1,696

Resistance(Rs.):  1,840,  1,860,  1,901,  1,942

Recommendation

Nabil Banks price is in reversal zone from correction of 2,000 to 1,799. Prices retested at the main support  1,800. The key resistance is at 1,925 and  major resistance is at 2,000 a break above this resistance is necessary to accelerate the bullish move . Overall, the short term bullish trends remains valid, and further upside is expected up to 2,200.

Sagun Shakya

Technical Analyst

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