J&K Bank – Multi-Month Breakout in Sight!

Setting up for Positional Trade ->Ranging Structure for ~10 Months Stock has been trading in a wide consolidation range between ₹87–₹116 since Sept 2023. Every attempt near ₹115–₹117 zone has faced resistance. ->Approaching Key Resistance Zone (₹116.90) Price is once again testing the upper band of the range. A strong breakout above ₹117 with volume would invalidate the range and can trigger a fresh rally. -> Strong Recovery from Higher Low (₹100 zone) Recent bounce from ~₹100 was sharp with follow-up buying, showing bullish intent. Suggests increasing confidence among buyers. Strong Support :- ₹100 Major Resistance (Multi-month) :- ₹116.90 Long-Term Support Base :- ₹87 J&K Bank is attempting a breakout from a long-term consolidation range. A daily close above ₹117 could signal trend reversal and open up a move toward ₹122–125. Stock has held its higher low near ₹100, making the current setup attractive for swing traders. Disclaimer: Unite technologies financial Service SEBI Registered Research Analyst Firm. (Reg. No. INH000020350). All views are for educational purposes only. Please consult your financial advisor before making any investment decisions.