sharechart technical analysis from student sony shrestha presentation on ebl 2016-05-16

Technical Analysis on Everest Bank Ltd.

Prepared BySony Shrestha

2016-05-16 Monday

Screen -1 INTRODUCTION OF BANK

EVEREST BANK LTD

Symbol : EBL Location : Lazimpat,Kathmandu,Nepal Establishment : 18/10/1994 Website : www.everestbankltd.com Email Id : ebl@mos.com.np Contact No : 977-1-4443377 Sector : Banking Share Registrar : Everest Bank Ltd. NEPSE listed : 1996-04-07

Screen -2 Three years capital plan of Everest Bank

Screen -3 Third quarter report of fiscal year 2072\073

Screen 4 NEPSE INDEX

Screen 5 BANKING INDEX

Screen 6 SUPPORT AND RESISTENCE OF EBL

Screen 7 TREND ANALYSIS OF EBL

Screen 8 CANDLE STICK ANALYSIS OF EBL

Screen 9 CHART PATTERN ANALYSIS OF EBL

Screen 10 MOVING AVERAGE ANALYSIS OF EBL WITH RSI AND VOLUME

Screen 11 BOLLINGER BAND WITH RSI AND MACD

CONCLUSION

2016-05-12 Current Market Price- Rs. 2901Buy or sell Point- Below Rs.3050Target- Rs.2700 Stop loss at Above Rs.3150

Screen 6 to 11 Analysis on EBL technically, support and resistance, trendline and reversal candlestick shows EBL trend is downward signal. Middle of the trend their is rising wedge pattern formed and hit the target few weeks back. Now the volume trend is also low. Same as moving average ,RSI and MACD also signaling to downward. This shows coming days or weeks EBL is short term correction will be come soon.

Stop Loss Lets Profit run Protect your profit Opinion about Fundamental vs. Technical analysis Learn & practice INVESTMENT with discipline Right Time / Right Price

At Last Summary of Technical Analysis

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