Wednesday, October 25, 2023

Technical Analysis of Index Agro Industries Limited

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

After its IPO debut in April 2021, it had a bullish move from 55+ to 148 (Aug 2021).

From then on, it is under-going (FLAT) correction. 

62 Fibo = 91

Support ~ 95

Floor@Block = 93.2

Theoretically, after its correction is over, we will possibly get another rally. So we could watch once it starts trading.






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