J&K Bank - Buying levels marked on the charts. Can see for 48-50 levels in short term
1st target hit as per given in previous day chart.
Need to sustain above 37 for buy to see TGT 39-43.5-48 and support @ 31. Ready to break its ATH.
Hypothesis: J&K bank appears to be in a long term ABC correction and has reached major foot-hills (read-Support). Additionally, there seems to be strong 'Momentum' divergence developing in the Daily charts and a 'Gap' to be filled at 35.5 levels. Therefore, this overall counter current-trend strategy is based on a confluence of strong factors . Overall trading...
As seen on chart, stock have broken 7 year trendline which will give multi fold returns in upcoming months.... HOLD and buy on every dips....
Buying opportunity in J&K BANk Good Risk to reward ratio keep an eye on and be patient in this choppy and downtrend market. Buy with SL below the trendline on a closing basis.
J&K in long... dont miss it. target - 48/- took strong support at 36 and bouncing back to target.
Target 53 in few trading sessions ......after long consolidation for 5 months .........Don't miss the rally
Detailed analysis given on the chart J&KBank trading in a gap zone NSE:J_KBANK
One can go positional long in J&K BANK now for the short term targets of 44 and 48.
Sell below 36 for 1:3 R R Stop loss Target Entry all mentioned on chart
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...
The chart is self expolanatory, it can give the target of 45.
buying idea for short term in j&k bank
The stock looks good above 33.4 (on closing basis) for 8-10% further upmove positionally
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