Stocks

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

Reuters Mumbai | Updated on January 15, 2019 Published on January 15, 2019

Representative image

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
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