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Technicals for The Jammu and Kashmir Bank Limited
By MusingTheNews
2025-05-30 20:42
Overall Technical outlook
Price Summary
The Jammu and Kashmir Bank Limited's shares surged 3.7% today, reflecting a robust day on the market. On 2025-05-30, The Jammu and Kashmir Bank Limited's stock opened at 100.1, spiked to 104.33, declined to 99.8, and closed 3.7% up at 103.8, with 5468163 shares traded. During the 52-week span, the stock hit a high of 135.6 and a low of 88.47.
Technicals
Support and Resistance: At 103.8, the price for J&KBANK is supported at 100.82 and resisted at 114.14. This indicates a trading range where 100.82 serves as a support level, potentially preventing further decline, while 114.14 could limit upward movement. Support/Resistance for J&KBANK
Aroon: The current state of the AROON is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Aroon chart for The Jammu and Kashmir Bank Limited
Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Bolinger Bands chart for The Jammu and Kashmir Bank Limited
Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net. Parabolic Stop and Reverse chart for The Jammu and Kashmir Bank Limited
Stochastic: The current reading of the STOCHASTIC is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Stochastic chart for The Jammu and Kashmir Bank Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend begins to falter. Tripple SMA chart for The Jammu and Kashmir Bank Limited
To properly assess the technical data of a company, it's important to first look at its fundamentals, such as its earnings, growth potential, and management effectiveness. Equally, understanding the industry trends, competition, and external economic factors that influence the company is vital. This holistic view helps draw meaningful conclusions about the company's technical performance, allowing investors to better gauge its stock price behavior, volatility, and market trends.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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