Janata Bank trading in the range of Rs. 161 to Rs. 172 on secondary market

52 Weeks High :                       Rs. 210
52 Weeks Low :                       Rs. 119          
180 Days Average Price:       Rs. 169

Last Week
Open:                                      Rs. 170
High:                                        Rs. 170
Low:                                        Rs. 163
Close :                                     Rs. 169
Volume:                                  17,364
Support (Rs.):  166, 163, 159, 156, 153
Resistance(Rs.):  175, 179, 182, 186, 189

Recommendation:
 Janata Bank stock price is trading in the consolidation in the range of Rs. 161 to Rs. 172 per unit. The investors need to wait for the price to break out. Bollinger bands have also seen squeezed. We can expect the breakout from this week. Most probably it will break out above and will move in the path of Rs 189 per scrip.  Break out below Rs. 161 will target to Rs. 153

Sagun Shakya
Technical Analyst
 src sharesansar