This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
After the down move from mid-Feb 2025, we could expect a counter-trend.
Might not be much - a probable move to 16~17.
SL if it goes below 14.9.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Usually City Bank gives ~20% return in a year (after record date to next year declaration).
~18 to 23~24 is a possibility for next 11 months.
Allocating 5% of equity for City Bank might be a reasonable option.
Technically, there was a rally in mid-2024.
Then we see a correction.
Hopefully we might get another rally in future.
