On the other hand, if the stock fails to maintain bullish optimism and falls instead, the breakout zone itself acts as the stop-loss. If the stock goes below this zone, the earlier breakout should be considered a false breakout and a trader should exit his positions.
The banking sector was the slowest sector to rise during the bull run that started last year, but it went up indeed. From the Covid-19 dump in June of last year, the index has gained about 95%. The banking index comprises all the commercial banks listed in NEPSE. With a heavy market capitalization of the …
Technical Analysis of Banking Index (March 26, 2021) Read More »
The Microfinance index has gained almost 150% in the last year. The index went through a month-long correction and has started to gain from the last week or so. Trend and Trend line With this gain, the Microfinance index has bounced up from the lower trend line. This can be taken as a good signal …
Technical Analysis of Microfinance Index (March 24, 2021) Read More »