Technical Analysis of DSE general index on 15 May 2013 by Karthik Marar.

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DSE 15-5

StockNewsBD.com / 15 May —  The market has run up much and we did see the probability of retracement we did expect the market to move up much more considering the momentum and volume. The buying pressure was considerable and probability of the market moving much higher before retracing was good. However we did encounter good amount of supply as indicated by the high volume. However though the high volume is not a good sign it is not yet time for alarm. We need to see how the next few sessions behave in terms of volume. A retracement is good for entry for those who missed. 3800-3780 region should provide good support. This is also 50% retracement. Retracement could stretch up to 3735.  Hope we will see lower volume tomorrow.—– Technical Analyst, Karthik Marar.