This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
I am not a fan of ICB - I think only IDLC and DBH are the good companies in NBFI Sector in Bangladesh.
From a low of 40, ICB broke 51 resistance with Volume.
It sort of looks like a Rounding Bottom (with increasing volume in recent days).
There seems to be some up-side (60 to 64) with SL at 50.
Let us see what happens.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Pragati Life Insurance is a low paid-up life insurance company.
After double top in Sep-Oct 24 ~235, it seems to have bottomed ~75 in June 25.
It seems to have broken out from a Rounding Bottom with increasing volume.
There is up-side (150 to 170) with SL at 116. 61.8% Fibo ~138 is a Resistance too.
With the Index undergoing correction, such low paid-ups might rally in the coming weeks.
Let us see what happens.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Tamij Textiles is a low paid-up textile company.
After a bullish rally in the second half of 2021, it reached a top ~ 300+ in Q1 2022.
After a 3.5 years correction (low of 87), it seems to be initiating a bullish move.
It has broken down-trend line in Weekly.
If it can close above 135 in Daily, we could get a rally to 150~160.
But previous floor (178 to 180) will be strong Resistance Zone.
SL = 120.
With the Index undergoing correction, such low paid-ups might rally in the coming weeks.
Let us see what happens.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
IBN SINA is an OK pharma company.
After 25 Sep 2024 High of 384.8, it was in a downtrend. Then there has been approximately 8 months of accumulation.
Now there are 2 alternatives. Either it could break down.
Or else we could have a bullish move.
In the weekly chart, MACD is turning bullish with increasing volume - it implies a bullish possibility.
Moreover, the risk-reward ratio is favorable.
Last day closing was 313.4.
SL is 306.4 - that is Tk 7 loss.
Upside, it might go near 370~380 (Tk 60 gain).
Let us see what happens.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Prime Bank's profits increasing - growth in last 5 years. This year it might be stellar (2,000 Mn per quarter).
Monthly chart is bullish.
Once it settles above 30, we could get another bullish rally.
It might take some time. But it seems a good option for investment.
Chart given below.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Pubali Bank's profits are increasing - growth in last 5 years. This year it might be stellar.
Monthly chart is bullish.
Once it settles above 33, we could get another bullish rally.
It might take some time. But it seems a good option for investment.
Chart given below.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Do not know much about the fundamental state of the company.
Technically it seems bullish:
- High Volume break-out.
- Gap
- Could also be a Flag -> continuation pattern
Might re-test ~22 and then move upwards (initially 26-27 seems likely target).
SL 21.1
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Apex Spinning is a low paid-up company.
Current move looks bullish - like Wave 3.
We could expect a down move and then a burst in coming days.
Will try to update after completion of Wave 4.
SL could be 7% of buy rate.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
After a 3-year down trend, BPPL is trying to rebound.
There is a chance of Wave 5 in the coming weeks.
SL if it goes below 14.50
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
After the down move from mid-Feb 2025, we could expect a counter-trend.
Might not be much - a probable move to 16~17.
SL if it goes below 14.9.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Usually City Bank gives ~20% return in a year (after record date to next year declaration).
~18 to 23~24 is a possibility for next 11 months.
Allocating 5% of equity for City Bank might be a reasonable option.
Technically, there was a rally in mid-2024.
Then we see a correction.
Hopefully we might get another rally in future.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Technically, UPGDCL is in a down trend. However, q3 results today were better than LY same period. Assuming a good Q4, it might give Cash Dividends near 170% C (as in previous years 2021 and 2022).
Taking CP near 120 (4 May 2025), Yield Scenario seems attractive.
Recent low was 111 - so risk is somewhat low too.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Usually EBL gives ~15-20% return in a year (after record date to next year declaration).
Below 20 to 24~25 is a possibility for next 11 months.
Allocating 5% of equity for EBL might be a reasonable option.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Usually it moves from 19-20 to 25-26 - giving ~25% return in a year.
Allocating 5% of equity for Uttara Bank might be a reasonable option.
Considering previous data and trend, assuming it was bought at Floor during Covid, without dividend re-investment, the holders could enjoy:
