Sunday, July 9, 2017

Technical Analysis of BSRM Limited: Part 3 on 9 July 2017


This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

First let me evaluate the previous analysis done on 17 March 2017: http://imti77az.blogspot.com/2017/03/technical-analysis-of-bsrm-limited-part.html

Prediction: A bull move in future
Actual: Went up to ~150 only

Now it has broken a down trend line and is slowly moving up. 145 is the next Resistance. However, if it can cross 150-153 with increasing volumes, then there is profit potential.

I would keep it in my watch list as we might get a bull run in future . . . 




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