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1. BANKING SUB-INDEX ANALYSIS ( BSI ) DESCRIPTION
Banking Index Development Index Finance Index Hydropower Index Insurance Index
SHARE CHART
Vol. 1 Issue 10
R2 -1150.99
R1 -1150.77
Pivot -1150.33
S1 -1149.67
S2 -1102.74
R2-1305.52
R1-1283.56
Pivot- 1272.58
S1-1250.62
S2-1239.64
R2-603.26
R1-603.21
Pivot -603.12
S1-603.07
S2-602.98
In our 5 edition of newsletter, we indicated
BANKING SUB- INDEX uptrend.Now this week
we saw (BSI)nearly touched toward resistance
level 1167.73 index on 31 august, 2015 high
.Red line represent as trendline when (BSI) are
displayed using a black line which
indicated(BSI)points almost touched resistance
level .Support and Resistance indicators are
also showing reversal indication.
This indicates BANKING SUB- INDEX
consolidate coming week.
TECHNICAL NEWSLETTER
R2-2390.92
R1-2355.32
Pivot -2284.13
S1-2248.53
S2-2177.34
R2-5606.1
R1-5586.88
Pivot -5551.07
S1-5531.85
S2-5496.04
Date: 02/11/2016
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Current sub Index
1150.55
AGRICULTURE DEVELOPMENT BANK LIMITED (ADBL) DESCRIPTION
Contact Us:
Email: sharechart2015@gmail.com
R2 -1150.99
R1 -1150.77
Pivot -1150.33
S1 -1149.67
S2 -1102.74
R2-1305.52
R1-1283.56
Pivot- 1272.58
S1-1250.62
S2-1239.64
R2-603.26
R1-603.21
Pivot -603.12
S1-603.07
S2-602.98
Kamalpokhari Mob:- 9801140245
The above figure shows a Double Top With Breakout Down chart pattern.
Note:This newsletter(sharechart) provides impersonal educational stock trading
information . All material presented within is not to be regarded as investment advice,
but for general informational purposes only.
R2-2390.92
R1-2355.32
Pivot -2284.13
S1-2248.53
S2-2177.34
R2-5606.1
R1-5586.88
Pivot -5551.07
S1-5531.85
S2-5496.04
ADBL,This type of chart pattern is a
bearish reversal. The market sets the
highest point at A on increased
volume. The price then dips to point
B which is expected as a reaction.
Consider the swing B-C-D.
Also the volume has declined raising
a yellow line of caution.
Next consider the swing C-D-E.
The price then dips and violates the
uptrend. When the price falls below
the neckline line represented by the
dotted line B-E, then the formation
of double top pattern is complete.
Volume generally increases as the
price fall below the neckline level.
Finally consider the swing D-E-F.
Thus the downtrend commences
Sell below Rs.570
Target at Rs.549-530-500
Stop-at aboveRs.600
Email: sharechart2015@gmail.com
Kamalpokhari Mob:- 9801140245