Thursday, August 21, 2025

Technical Analysis of Salvo Chemicals (for few weeks Trading)

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

Salvo Chem is a low-paid up company.

From a low of ~18, it has broken 27~28 resistance with Volume.

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

There seems to be some up-side (34-35) with SL at 26.50.

But bullish market could extend the trend to even 40 levels.

Let us see what happens.




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