J&KBANK giving breakoutOne can go positional long in J&K BANK now for the short term targets of 44 and 48.
J_KBANK trade ideas
Jammu and kashmir bank showing good price action jammu and kashmir bank showing good price action level after an up surge it took support from 0.5 fib level and making a bullish flag which is a continuation pattern any break above upper trendline will give decent profit the minium target is flag high and second target is the pole of flag it is also taking good support from 50 ema and according to elliot wave it is in wave number 2 so it can be a good buy
Watchout for Resistance breakoutThe stock looks good above 33.4 (on closing basis) for 8-10% further upmove positionally
JAMMU & KASHMIR BANK (DOUBLE BOTTOM)IN JAMMU & KASHMIR BANK,
i see a formation of double bottom pattern and a breakout with really good volumes i personally bought the stock @ 25
hoping for a target upto 44
What the fuzz?People have been talking about this a lot and I have been getting requests to check this stock out. And now I know that I am a bit late to the party. But never the less, this stock had broken out after making my favorite cup and holder pattern and this is tremendously bullish for lat two days. A minor correction might happen but 53 is an easy one.
Target: 53, 66, 95 (Mind it, there is a strong zone of resistance between 53 and 66)
SL 33
Risk-o-meter: Moderate
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J&K bank- stocks has forming ascending triangle pattern.
-Stock break and sustain above 34 Next level to 45/52/65 levels .
-Support is near 22 level on chart.
J&k Bank Cmp 32.75 dated 18.6.2021J&k Bank Cmp 32.75 dated 18.6.2021
On weekly chart
1. Ascending triangle breakout above 34.
2. High Volumes
Buy for a tgt of 55-65 SL 28
J&K bank - Cup and handle, a channel and correlation changeA cup and a handle is formed. J&K was bullish today even when the PSU banks were down, which shows the momentum it has generated. J&K has a correlation of on average 0.73 with the PSU Bank Index. Coupled with a channel, a cup with a handle, and correlation divergence the chances of breakout on the positive side increase. Decent for a short-term trade.
Disclaimer - This is only technical analysis, not a buy-sell call. Discretion is advised.
STOCK ON GREAT BREAKOUTTHE STOCK IS MAKING A REVERSE HEAD AND SHOULDER PATTERN AND HAS A HUGE UPSIDE POTENTIAL....!!!
YOU CAN WATCH THE VIDEO FOR MORE....
Bullish Flag PatternIf it closes 33.5 on wcb and holds above it then good returns can be achieved
T1 36.15
T2 40.00
Keep a strict SL of 24
Long for J&K Bank This could be a great multibagger stock in the coming year. If the stock breaks the trendline then a nice momentum can be seen. The stock took a strong support in March 2009 from the horizontal line drawn. SL can be at 20 Rs. Kindly share your opinions too. Thanks in advance.
j&k bank, trade and investment opportunity.j & k bank has given trend reversal , there is a trading opportunity till 37/53
and after correction from there on will give accumulation opportunity for investments trgts of 59/91/163....
Trend reveral with rounding bottom and volume build upBuy JAMMU&KASHMIR BANK, 27 TILL 18 FOR 40/80. Monthly charts showing TREND REVERSAL with rounding bottom done accompanied by huge volume.
