Friday, December 12, 2025

Uttara Bank Part 2 (trading)

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

This is an update of the previous analysis (main change from Investment to Trade) https://imti77az.blogspot.com/2025/04/uttara-bank-as-investment-option-1-of-20.html

It has been consolidating from mid-August 2025. Likely to break-out before end of Dec 2025.

Probable moves:

1. Break 21.7 and face supply at 22.80.

2. Then a pull-back.

3. Rally again to (at least) 24.8

SL below 20.50




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