J&K bank : Possible head & shoulder upward trend
Post Q1 YoY results which have turned up positive for the bank with net profit up 32 per cent at Rs 30 crore in April-June
As positive news have a strong correlation with future stock performance and traders/investors sentiment, It can show bullish trend and reach resistance 1 besides dark cloud candlestick formation
The trend can go up due to less volume trading which doesn't confirm continuous bearish reversal however, would feel to step in the buying of scrip after it crosses 85 and shows engulfing or continuous green candlesticks
economictimes.indiat...cleshow/59714361.cms
As positive news have a strong correlation with future stock performance and traders/investors sentiment, It can show bullish trend and reach resistance 1 besides dark cloud candlestick formation
The trend can go up due to less volume trading which doesn't confirm continuous bearish reversal however, would feel to step in the buying of scrip after it crosses 85 and shows engulfing or continuous green candlesticks
economictimes.indiat...cleshow/59714361.cms
Komentarz:
Scrip moving towards resistance target..