Friday, August 11, 2017

LAFARGE SURMA successfully breakout the 61.80 resistance line



I am happy to see that the 58 support line was perfectly worked. The price was successfully broken out the 61.80 resistance line and going ahead to Tk.64 which is strong. If it's able to break out the 64 line, then it may go Tk.66. My recommendation it will better sell shares at Tk.64.
LAFARGE at Different time Interval:
Time Interval
Trend
Daily
Bullish
Weekly
Bullish
Monthly
Bearish (Considering Price-volume Matrix)
This analysis prepared keeping in mind to have a short term investment.  This analysis is purely technical, no fundamental facts or factor is used here.

Disclaimer: This is simply a forecast. I don't take any responsibilities for consequential loss if any.


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