Technical Analysis of NCCBLMF1 on 31 Dec 2016
This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in Dhaka Stock Exchange.
It is becoming difficult to find stocks at low price in this
Bull market. However, the bull market will lead to increase in earnings of
quite a few Mutual Funds. One such could be NCCBLMF1.
Fundamental (NAV Analysis): Except 2012, it has given Cash
Dividend. Based on NAV and EPU, we might hypothesize that if it gives at least 7%
Cash this year, then at Tk 7, Yield is 10% - not bad, in my opinion. The higher
the dividend expected, the higher it could rise!
|
|
2012
|
2013
|
2014
|
2015
|
Till Q3 '16
|
|
Profit
|
116
|
111
|
35
|
50
|
37
|
|
NAV
|
11.16
|
11.31
|
10.63
|
10.80
|
10.72
|
|
EPU
|
|
|
|
0.46
|
0.34
|
|
Dividend
|
10% RIU
|
10%
|
3%
|
6.5%
|
|
Now to the Technicals: If NCCBLMF1 can break Resistance at 7.4, then next
Supply zone is at 10-11-12. It might offer good returns for the break out
trader (risk-taker), if one has not positioned earlier.
Stop loss would be 6.8 – that is, sell if it goes below 6.8.
Let us see what happens . . .
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