Technical Analysis of Tosrifa on 14 March 2017
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
With the Index facing Supply at 5697, what does it need to break it?
Fundamentals: I do not know much about the company. Last year it gave 12% Cash Dividend. PE is relatively high ~15.
Now to the Technicals: It is trying to go up (with increasing volume in last three days). If it can break Resistance at 26.5, then 30+ could be expected.
Will it give an opportunity to buy around 24 with Stop Loss at 22.2
It is more for the risk-taker.
Let us see what it does?
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