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1. INSURANCE SUB-INDEX ANALYSIS INSURANCE SUB-INDEX ANALYSIS
Banking Index Development Index Finance Index Hydropower Index Insurance Index
In our First edition of newsletter we indicate insurance sector
will be boom coming days.Now this week we saw insurance
sub-index took support at 4270.20 point on
30/11/2015.High points and low points appear to line up
better for trend lines when insurance sub- index are displayed
using a black line which indicate insurance sub-index points
moving upward continuously. This is especially true when long-
term trend lines are being drawn or when there is a large
change in insurance sub- index.Monentum indicators are also
showing continuation indication.
This indicates INSURANCE SUB- INDEX moving on bullish
trend .
Note:This newsletter(sharechart) provides impersonal
educational stock trading information . All material presented
within is not to be regarded as investment advice, but for
TECHNICAL NEWSLETTER
R2-1964.25
R1-1947.92
Pivot -1931.34
S1-1915.00
S2-1898.43
R2-5280.82
R1-5215.72
Pivot -5085.54
S1-5020.44
S2-4890.26
Date: 12/25/2015
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Vol. 1 Issue 3
R2 -1060.81
R1 -1048.69
Pivot -1032.45
S1 -1020.33
S2 -991.967
R2-1060.06
R1-1053.84
Pivot -1041.38
S1-1035.16
S2-1022.70
R2-576.94
R1-575.53
Pivot -574.44
S1-573.03
S2-571.9367
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Email: sharechart2015@gmail.com
Kamalpokhari, Tel:- 4422136, 4422137 Mob:- 9801140245
The above figure shows ASIAN LIFE INSURANCE CO.LTD of a long rectangle top chart
pattern. Price bounces between two parallel trendlines for what seems like forever,
but it creates a strong move upward when price finally touches the top trendline. The
height between the two trendlines difference( Rs.200) to get a target price 1st target
Rs.1400 and 2nd targetRs. 1550.The chart pattern sell point Below Rs 1150.
R2-1964.25
R1-1947.92
Pivot -1931.34
S1-1915.00
S2-1898.43
R2-5280.82
R1-5215.72
Pivot -5085.54
S1-5020.44
S2-4890.26
Pivot Point: A technical indicator
derived by calculating the numerical
average of a particular stock's high,
low and closing prices. The pivot
point is used as a leading indicator. If
the following day's market trading
above the pivot point is thought to
indicate on going bullish indication,
while trading below the pivot point
indicates bearish indication.
Support : A support level is a price
level where the price tends to find
support as it is going down.
Resistance : A resistance level is the
opposite of a support level. It is
where the price tends to find
resistance as it is going up.
R2 -1060.81
R1 -1048.69
Pivot -1032.45
S1 -1020.33
S2 -991.967
R2-1060.06
R1-1053.84
Pivot -1041.38
S1-1035.16
S2-1022.70
R2-576.94
R1-575.53
Pivot -574.44
S1-573.03
S2-571.9367
Email: sharechart2015@gmail.com
Kamalpokhari, Tel:- 4422136, 4422137 Mob:- 9801140245