Saturday, August 16, 2025

Technical Analysis of ICB (for few days Trading)

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

I am not a fan of ICB - I think only IDLC and DBH are the good companies in NBFI Sector in Bangladesh.

From a low of 40, ICB broke 51 resistance with Volume.

It sort of looks like a Rounding Bottom (with increasing volume in recent days).

There seems to be some up-side (60 to 64) with SL at 50.

Let us see what happens.





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