sharechart Technical Newsletter vol-1 issue-3
0 likes273 views
The newsletter analyzes the insurance sub-index, highlighting its bullish trend supported at 4270.20 points, with indications of upward momentum and long-term trend strength. It discusses price patterns of Asian Life Insurance Co. Ltd, suggesting target prices of Rs. 1400 and Rs. 1550, with sell points below Rs. 1150. The document provides educational information on stock trading but is not investment advice.
sharechart Technical Newsletter vol-1 issue-3
- 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 Click To Subscribe SHARE CHART 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 Free Chart Chart School Contact Us: 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