JK Bank chart was posted above in August 2023 when stock price had crossed key 5 year high of 66, and stock price was quoting around 70. A higher resistance at 93 was marked on above chart.
Since then stock price has managed to cross resistance of 93, which happened to be an 8 year high. On daily charts, stock price was consolidating between 103-110 for 3 weeks and last Friday gave a breakout above this range and closed at 114.
Overall we can see rounding structure on weekly charts. On the way up there can be a resistance at falling gap levels (marked in dotted red lines) at 128-133. And above that all time high levels of 195 remains the key monitorable level.
disc: invested as disclosed before. ( not a recommendation, please do your own diligence while considering investing in this company. )
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