Technical Analysis of Pragati Life Insurance on 25 Nov 2016
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
I don't think this is for those of the Fundamental-minded - this is a "Z" Category share.
It is trying to break out from a trading range (although consolidation time is still below 4 months). If it can break up with Volume, then 120,130, even 140 are possibilities (these are the Major Resistance Areas).
For Risk-takers: Buying around 92-95 (stop loss if it goes below 90) and targeting the Resistances.
Let us see what happens . .
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
I don't think this is for those of the Fundamental-minded - this is a "Z" Category share.
It is trying to break out from a trading range (although consolidation time is still below 4 months). If it can break up with Volume, then 120,130, even 140 are possibilities (these are the Major Resistance Areas).
For Risk-takers: Buying around 92-95 (stop loss if it goes below 90) and targeting the Resistances.
Let us see what happens . .
Imtiaz vai can you please update this chart
ReplyDeletewould you please give an update
ReplyDelete