Tuesday, January 31, 2012

Bullish breakout in J&K Bank Ltd. | Technical Chart | 01-Feb-2012

Below is the technical chart of Jammu and Kashmir Bank Ltd., listed on Indian stock exchange, using Ichimoku indicator.




J&K stock price has already been closed above kumo; so is the chikou-span (CS) line to confirm the signal. But it is trading exactly at this resistance point viz. 835. One can buy this stock @844 (if it closes above this level), with a stop-loss of 751 for a target of 888 and then 914.

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