Two BMS (Break of Market Structure) events are marked:
First BMS — occurred around late 2023 / early 2024, where price broke above a prior swing high, confirming the uptrend.
Second BMS — occurred more recently (likely 2025-2026), another breakout to higher highs, reinforcing bullish momentum.
Price Action & Events
Demand (D) and Supply (S) circles mark reactive price points where the stock reversed from these zones in the past.
Event (E) squares likely correspond to corporate actions (dividends, earnings, announcements).
Price has respected the channel well, bouncing off the lower trendline multiple times.
Projection
The green arrow forecasts a continued move upward toward the all-time high near 30.00 BDT, implying a potential upside of roughly 22% from the current 24.60 level. This would target the top of the Supply Zone, where sellers have historically stepped in.
Outlook
The chart presents a bullish bias — price is trending up within a well-defined channel, above the demand zone, and has broken prior market structures to the upside. However, the stock is now entering the supply zone, which historically acted as resistance, so traders would watch for a breakout above 30.00 for continuation or a rejection for a potential pullback toward the channel's lower trendline or the demand zone.
First BMS — occurred around late 2023 / early 2024, where price broke above a prior swing high, confirming the uptrend.
Second BMS — occurred more recently (likely 2025-2026), another breakout to higher highs, reinforcing bullish momentum.
Price Action & Events
Demand (D) and Supply (S) circles mark reactive price points where the stock reversed from these zones in the past.
Event (E) squares likely correspond to corporate actions (dividends, earnings, announcements).
Price has respected the channel well, bouncing off the lower trendline multiple times.
Projection
The green arrow forecasts a continued move upward toward the all-time high near 30.00 BDT, implying a potential upside of roughly 22% from the current 24.60 level. This would target the top of the Supply Zone, where sellers have historically stepped in.
Outlook
The chart presents a bullish bias — price is trending up within a well-defined channel, above the demand zone, and has broken prior market structures to the upside. However, the stock is now entering the supply zone, which historically acted as resistance, so traders would watch for a breakout above 30.00 for continuation or a rejection for a potential pullback toward the channel's lower trendline or the demand zone.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.