Saturday, December 23, 2023

Technical Analysis of Delta Life Insurance Company Limited

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

Delta Life had an eight-month rally (from April to November 2021) after which it is under-going correction.

The next leg of correction can only occur IF Floor price is removed.

This analysis is IN-valid if its price crosses 175 in future.




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