Forum

Dear Saazji,
I am also trying to learn the ressistance & support level, with calculation of pivot, support 1, ressistance 1, support 2 & ressistance 2 in excel. There are few queries i am confused.

1. What shall be minimum no. of days data?
2. Shall we consider the latest support & ressistance data calculated?
3. Is there any way we can project further data?

If you could help me on these or any part that i haven't looked into, it would be immense support. Hope to get positive response from your side. Good Day.

It is indeed undervalued stock no doubt. However, by how much i don't know, as i can't perform technical analysis. Thanks for putting forward such analytical view on this forum. Hope that u will continue to open our eyes on other stocks also.

looking at financial data, NIB share price should move up close to that of Nabil. I would not therefore be surprised if it hits 1800 in 3 months.

I agree with Sagun Shakya(Technical Analyst)

its true, in bullish it can cross 1800. in next 3 months.

52 Weeks High : Rs. 1,085

52 Weeks Low : Rs. 450

180 Days Average Price: Rs. 731



Last Week

Open: Rs. 1,036

High: Rs. 1,085

Low: Rs. 965

Close : Rs. 1,033

Volume: 21,735



Support (Rs.): 970, 907, 847, 787

Resistance(Rs.): 1,090, 1147, 1,267, 1,387



Recommendation

Nepal Investment Bank price have breach its old high price of 953 (18 December 2012) on 16 December 2013. It took almost 1 year to cross its old high and close at 971. During the year it went down up to 660 and trend got reversed. Price close above 180 days Moving average and strong support of 950 level clearly indicates bullish. The price found Support at that level as the move seems also overextended, however the bullish bias remains favored, targeting 1,147, 1,387 and 1,450.



Sagun Shakya

Technical Analyst