NSE Index breaks resistance at 10\,836 may test 10\,924

Stock

NSE Index breaks resistance at 10,836 may test 10,924

Reuter Updated on January 15, 2019

National Stock Exchange (NSE) gains as much as 1.15 per cent and breaks above a resistance at 10,835.52 points

The resistance was determined at 10,835.52 points.

The breakout suggests that index may test the next resistance at 10,923.78 points in a couple of days

The stock's wave pattern suggests that it has completed a triangular correction.

Presently, the index trades above its 20, 50 and 200-day exponential moving averages.

Published on January 15, 2019
In Stocks
China worries weigh on Wall Street, earnings expectations fall