nifty midcaps-vijaya bank share price view 2013

vijaya bank share price daily chart analysis

vijaya bank share on daily chart last closed at 51.3 with loss.on daily chart last session share given bearish breakout and closed below 3 month average.on upside all week,month and 3 month average are around 52.5 zone and remain as strong resistance on upside.on downside 50 and 47 are previous bottoms supports.on indicators momentum is very bearish.

for month of may below 51.5 hold shorting view and 48 and then 44 as downside target zones for vijaya bank share.

vijaya bank share price weekly chart analysis

vijaya bank share on weekly chart showing downtrend and fresh downside momentum.on weekly chart vijaya bank share trading below all averages.on upside 53.5 is 6 month average then 55 is 12 month and 56 is 2 years average level and we seen reversal from that level which is sell signal and this time may be show new lows on charts in medium terms.momentum indicators on weekly chart are in sell side with fresh signal at 55 on downside 46 and 42 are previous bottoms supports.

from medium term view,with weekly closing basis stoploss above 53.5 hold sell view and keep medium term targets at 48 and then 42.

vijaya bank share price monthly chart analysis

vijaya bank share on monthly chart trending down with fresh downside momentum.3 and 5 years averages are in range of 54-56 and important on weekly closing basis.from broader view on monthly chart stuck in narrow range but momentum surely on sell side.

from long term view,below 56 on weekly closing basis investors stay away from stock as we may see slow drift down upto 39 and in worst situation upto 22.below 39 will be value buy with 3-5 years view.

vijaya bank share price historical chart analysis

vijaya bank share on historical view shows us all time low of 6 rupee in 2001 while all time high at 106.7 in 2010.on last 30 month trend channel trend is down and on downside 45 is middle band and 21 is lower band.

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