UNIONCAP Review | Share Analysis | Dhaka Stock Exchange | Got Return? Become An Investor

DISCLAIMER: Although I have been correct about these analysis dozens of times, it doesn't mean that I am correct this time. You'll have to connect to the information and then will have to make a decision for yourself. This is purely based on my expert opinion and there are no guarantees. Trading stock, forex etc carries high risk. As you trade with your own risk, be self-dependent and learn properly.

UNIONCAP Review

It is clearly visible that, 'Rounding Bottom' was formed at the weekly time-frame and the price of this share went up rapidly from 10 Tk to 30 Tk. After that period, the price went down to around 22 Tk and then went up and did retrace back to 0.618 Fibonacci level (26.70 Tk). The price continued to fall down according to both 'Head & Shoulder' and 'Wedge' pattern.

* Now I think the price should get support towards the rounding bottom neckline at 19.80 Tk.

* From 19.20 Tk to 20 Tk, there is a key support zone and it's worthy to watch this key support zone.

* At daily and weekly time-frame, a new pattern is emerging and that is 'Flag Pattern'.

Tips for the investors : Knowing is not enough; we must apply. Willing is not enough; we must do.

Pattern Mentioned Above : Rounding Bottom, Head & Shoulder, Wedge Pattern, Flag Pattern.

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