The Jammu & Kashmir Bank Limited has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock has built a double bottom formation and given signal of further rise to 52.79. On reactions back, there is now support at 49.25. The stock has support at rupee 46.40 and resistance at rupee 61.50. The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. The stock is overall assessed as technically positive for the medium long term.