Jammu and Kashmir Bank – bullish – double bottom – 1-2 months E: 92 T:100 SL:87

[M Prem Rajan]

The Jammu and Kashmir bank interesting had a double top in the past, but now has formed a double bottom. Conservatively, if we enter the long position at 92 with a stop loss of 87, we can expect a target of 100 within 1-2 months based on the trend in the chart.

[Johnson]

Dear prem
IN my opinion It looks more like a double top formation from the month of July to august.
There is support at 90 level,and resistance at 98.
your entry level, stop loss,is correct and target can brought to 98.

[Johnson]

Dear prem
IN my opinion It looks more like a double top formation from the month of July to august.
There is support at 90 level,and resistance at 98.
your entry level, stop loss,is correct and the target can brought to 98.

[M Prem Rajan]

Thanks Johnson. The entry level was reached on 5th October.

[Author]

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