Technical Analysis of Aftab Autos: Part 2 on 15 July 2017

 

This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

First let me evaluate the previous analysis done on 22 Feb 2017: http://imti77az.blogspot.com/2017/02/technical-analysis-of-aftab-autos-on-22.html

Prediction: Break-out

Actual: Failed

Now it is again trying to break-out – if successful, could give good returns . . .

No risk – no gain . . .

Technical Analysis of NHFIL on 13 July 2017

 

This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

NHFIL had a run from ~47 to ~57 and then retraced 62%. Today’s candle looks like a reversal.

Pattern target is 60+ with SL @50.5

Technical Analysis of BSRM Limited: Part 3 on 9 July 2017

This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

First let me evaluate the previous analysis done on 17 March 2017: http://imti77az.blogspot.com/2017/03/technical-analysis-of-bsrm-limited-part.html

Prediction: A bull move in future

Actual: Went up to ~150 only

Now it has broken a down trend line and is slowly moving up. 145 is the next Resistance. However, if it can cross 150-153 with increasing volumes, then there is profit potential.

I would keep it in my watch list as we might get a bull run in future . . . 

Technical Analysis of Bengalwtl: Part 3 on 9 July 2017

This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

First let me evaluate Bengalwtl’s previous analysis done on 7 Feb 2017: http://imti77az.blogspot.com/2017/02/technical-analysis-of-bengalwtl-on-7.html

Prediction: A contrarian buy ~41 on 7 Feb 2017

Actual: From 8 Feb 2017 onward, it shot up to 53 on 9 March 2017

After that peak, it underwent 62 Fibo Retracement and is on another bull move. A run to 53-54 would be OK.

Later on if it can cross 57, the profit potential is huge.

Let us see what happens . .  .

Technical Analysis of 1ST PRIMF MF on 9 July 2017

This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

My personal opinion is that NLI 1ST MF and SEBL 1ST MF are the best MF in Bangladesh. However, for the technically inclined 1ST PRIMF MF could be interesting.

It gives Cash Dividends. It has been consolidating between 11.5 and 12.8 for more than 5 months. A break-out from the Rectangle gives a target ~14.1 - with the market in Bullish mood, 15 might be also likely.

Let us see what happens . . .

Technical Analysis of Makons: Part 3 on 9 July 2017

 

This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

First let me evaluate the previous analysis done on 23 Jan 2017: http://imti77az.blogspot.com/2017/01/technical-analysis-of-maksons-part-two.html

Prediction: Maksons to reverse from 8.5 and move towards 10.5

Actual: It reversed from 8.2 and went up to 10.9

Then it retraced again till 8.8 and today broke 10.5. Now it might re-test 10.5 from above before moving towards 14 with SL @ 10.

It’s a risky Z-group stock.

Technical Analysis of Fuwang Foods on 9 July 2017

This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

Fundamentally, there is no reason for Fuwang’s bullish move – 50% return in ~4 weeks – no annual profit growth in a company where Directors own <5% of shares with PE ~ 35+

Technically, today was a reversal candle. The huge volume in last few days suggests that there might be further moves after some retracement on declining volume in the coming days.

For the risk-takers, watch out for reversal signs, if any . .  .

Technical Analysis of Sha Sha Denims: Part 2 on 9 July 2017

This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

First let me evaluate the previous analysis done on 27 Jan 2017: http://imti77az.blogspot.com/2017/01/technical-analysis-of-sha-sha-denims-on.html

The retracement scenario was given – Sha Sha seems to be reversing from ~65.

It has broken a down-trend line. Market is probably speculating of good dividends; 84 seems like the Major Resistance at the moment. SL @ 70.

No risk – no gain . . .

Technical Analysis of Cotton (Week 18)

Analysis done based on data till 7 July 2017

Cotton got support at 66+ and moved slightly upwards as the indicators were hinting.

Now it has a host of Resistances above.

Will bears pounce on any rise - we might know in the coming days . .  .