J_KBANK trade ideas
J_K BankBased on pattern and price action it is anticipated that this stock will print atleast 65 within 15 March 2022 from its current price level (40.15)
J_KBANK SYMMETRICAL PATTERN Hello
Welcome to this analysis about J_KBANK , we are looking at daily timeframe perspectives. J_KBANK is developing here that will be a decisive factor in the upcoming times. I discovered the main formation J_KBANK is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how J_KBANK has emerged with this key J_KBANK SYMMETRICAL PATTERN marked in my chart with the black boundaries. J_KBANK is near Resistance region which is an important resistance and also psychological resistance-mark together with the upper-boundary of the J_KBANK SYMMETRICAL PATTERN a pullback
In this manner, thank you for watching my update-analysis about J_KBANK and its major J_KBANK SYMMETRICAL PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
J&K BankWolf wave may move towards 65-80 zone. This not buying recommendation its view and kindly check with your financial advisor before investment or trading decisions.
Jammu & Kashmir stock price analysis i think if cross my trend line this share become rocket invest in this stock 38-35 target above 44 and if this target achieved this share rocket and journey to next target
j&k bankThe Jammu & Kashmir Bank Ltd. was incorporated in 1938, and is listed on the NSE and the BSE. It functions as a universal bank in the Union Territories of Jammu & Kashmir and Ladakh and as a specialised bank in the rest of the country. It is also designated as RBI’s agent for banking business, and carries out the banking business of the Union Territories of Jammu & Kashmir and Ladakh, besides collecting central taxes for CBDT. J&K Bank follows a two-legged business model whereby it seeks to increase lending in its home territory which results in higher margins despite modest volumes, and at the same time, seeks to capture niche lending opportunities on a pan-India basis to build volumes and improve margins. J&K Bank operates on the principle of 'socially empowering banking' and seeks to deliver innovative financial solutions for household, small and medium enterprises.
Business of the Bank
The Jammu & Kashmir Bank is engaged in banking Business. The Bank provides banking services, including CD's, educational loans, housing loans and car loans. The Bank also provides insurance services through a joint venture with MetLife India Insurance Company.
Products and Services of the bank
Personal Banking- Under this, it offers various products and services such saving accounts, loans, deposits, ATM facility, RTGS/NEFT facility, internet banking, demat services, etc.
NRI Banking- Besides various personal banking products, it also offers remittance services, consultancy services to its NRI Clients.
Priority and SME- It also caters to the priority and SME segments and offers various kinds of products to meet their various business requirements
Going Long Jammu and Kashmir BankNSE:J_KBANK
On the Daily Chart , a couple of things to note are :
1. Price has crossed over a resistance zone, and has now taken support on that
2. Price gapped up over that resistance, indicating very high buying pressure that had price sail over resistance
3. The gap was filled
4. There is a bounce from the resistance turned support, with a small tail indicating that price was again rejected ( bounced from) support
Place SL at 27.55 just below the gap closure. Trail stops till Trendline Resistance is reached.
Steady rise in prices with increasing volumes Looks like Jammu and Kashmir Bank is good for short term speculation.
Expecting much potential upmove.
J_KBANK- Closing Above 27.50 will see 100 % upside movements.Closing above @ 27.50 can see good upside movements, have potential to give 100% return ,long term, I can visualize a Flag Pattern too
CMP 26.55
Target 55, 62+
article 370 and j&k bank FUDOn 5 August 2019, President Ram Nath Kovind issued a constitutional order superseding the 1954 order, and making all the provisions of the Indian constitution applicable to Jammu and Kashmir.
Share Rose 60% in 3 days
Came back to same level upcoming days LOL
Thats why Reversal traders loose and Trading on news events is risky
J&K Bank: Buy set up.Nice double bottom formation on weekly charts. Buy the stock with stop of 56 and targets of 130 & 170.
