Technical Analysis of Standard Ceramic on 1 March 2017

Technical Analysis of Standard Ceramic on 1 March 2017

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

Fundamentals: I do not know much about the company. Its EPS was ~1 in last 4 years but it faced huge losses in recent two quarters. PE is negative.

The only positive is that it used to give 10% cash Dividend Annually.

Now to the Technicals: It fell from ~75 till 50 Support held. Recently it has broken a down trend line (and it seems re-test also complete). If it can remain above 54, then next Resistances are at 58, ~64, 70 and then ~75.

I would set Tight Stop Loss at 52. 

It is more for the risk-taker or technically inclined . . . Better to wait for a Volume surge . . .