Wednesday, October 25, 2023

Technical Analysis of AL-HAJ Textiles Mills Limited

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

There is nothing much fundamental about Al-Haj.

Floor = 132.10

There was a rally early in the year (2023) and then it is under-going (FLAT) correction.

It seems this phase of correction is nearing its end (few more days probably) - it has some space to fall further and even get stuck at floor.

But we could watch in coming weeks whether it produces another rally or not?








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