Technical Analysis of Tamijtex (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.

Tamij Textiles is a low paid-up textile company.

After a bullish rally in the second half of 2021, it reached a top ~ 300+ in Q1 2022.

After a 3.5 years correction (low of 87), it seems to be initiating a bullish move.

It has broken down-trend line in Weekly.

If it can close above 135 in Daily, we could get a rally to 150~160. 

But previous floor (178 to 180) will be strong Resistance Zone.

SL = 120.

With the Index undergoing correction, such low paid-ups might rally in the coming weeks.

Let us see what happens.