Saturday, August 3, 2013

Sunrise Bank heading towards 290 on secondary market.


52 Weeks High :                       Rs. 253           
52 Weeks Low :                       Rs. 115           
180 Days Average Price:       Rs. 174
 
Last Week
Open:                                      Rs. 234
High:                                        Rs. 243                     
Low:                                        Rs. 233
Close :                                     Rs. 236
Volume:                                  48,970


Support (Rs.):  231, 222, 207
Resistance(Rs.):  241, 257, 290

Recommendation
Sunrise Bank stock price was trading in the consolidation in the range of Rs. 211 to Rs. 222 for more than 3 months. On 15th July, price break out the support of  222 level and close at 231. Stock price is heading towards its resistance level of 241.The price found resistance at that level , however the bullish bias remains favored, closing above 241 with good volume will direct the price to its next resistance level of 290 very soon.
 
Sagun Shakya, Technical Analyst,
src : Sharesansar