Sunday, October 3

Technical Analysis of IFIC Bank


IFIC (International Finance and Investment Corporation) Bank shows very good strength in Dhaka Stock Exchange(DSE). It's previous game has just over in last month of June'10. It was increase to 1147 from 787 within 13 days (T+13), gap= 1147-787=360 taka profit which is 45% only in 13 days in that period.

IFIC bank's second game has just start on 28th September at 1143/-, it is now 1258/- gap=115 /- within 4 working days. Yesterday it has been increased 70/- and today is has been increased 25 taka also. This time it also shows very very strong up-trend. Its up-trend may be continuing for next few weeks and it may cross 1500/- within 13 trading days.

Please see the IFIC bank TA graph:

TA chart of IFIC Bank

In above Candlestick chart, green bar indicate the bullish pattern and red bar indicate the bullish bar.  Arrow indicates the buy or sell signal. Candlestick chart is very popular chart for analysis which was developed in Japan

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