Technical Analysis of LHB Part - 2

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

LHB is a good cement company. Even during this dull quarter, it performed well and gave interim dividend. 

It got support ~50 (low was 49.70) in the support zone mentioned in previous analysis

https://imti77az.blogspot.com/2025/09/technical-analysis-of-lhb.html

When the economy rebounds, it is likely to do better. Thus, it could be considered for mid-term investment.

Likely to go 67~70 by Q1 2026, if not higher.

In the meantime, there are few resistance zones above.

Support Zone is 48 to 50.

Technical Analysis of Square Pharma

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

Sq Ph is the market leader in Pharma sector.

After June-July rally from ~199 to ~234, it has undergone significant correction.

It is coming to Support zone.

We need to watch where the fall stops.

Technical Analysis of EBL - 6 Oct 2025

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

EBL achieved its target early: https://imti77az.blogspot.com/2025/05/ebl-as-investment-option-2-of-20.html

However, after hitting High of 27.4 in end of August, the chart does not look good technically.

Too much volume stuck above 24 level.

We need to watch where the fall stops.

Is there any fundamental issue? Need to wait for Q3.

Good Open End Fixed Income Mutual Fund - 28 Sep 25

 There are a few good open ended MF in Bangladesh.

Considering NAV trend from 29 June 2025 to 28 Sep 2025, these two have performed very well:

VIPB Fixed Income Fund

UCB Income Plus Fund

30 Sep 25 portfolio not updated yet. But based on 30 June 2025 portfolio, their holdings are:

VIPB:

Around 20% in 3 Stocks - BRAC, Marico and Sq Pharma.

~8% in BRAC Bank 2nd Subordinated Bond

~68% in long-term Govt Treasury Bonds.

UCB:

Mostly comprised of long-term Govt Treasury Bonds.

With yields in most instruments dropping below 10%, these are likely to give returns in future.

If one desires only safe Govt Treasury Bonds, then UCB preferable. 

If one wants to have the option of capital gain also, then VIPB also good.

Please check the portfolio and MF "terms & conditions" before making decision.

Technical Analysis of ACI FORMULATIONS (for few days trading)

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

ACIFORMULA is a mid-cap stock.

EPS 6+

Gives at least 20% Cash Dividend.

After a rally from ~136 to ~160+, it is under-going correction.

If it can break the diagonal resistance, then we might see another rally.

SL if it goes below 136.

Let us see what happens.

Technical Analysis of INTECH (for few days trading)

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

Intech is in loss. It is a mid-cap IT stock.

After a 3-month rally from ~17 to 47, it is under-going correction.

The correction looks like a Flag. 

Today, break-out was with higher volume.

It might rally directly or fall again and then try to rally (like ITC is doing).

SL 5% of buy price.

Let us see what happens.

Technical Analysis of CLICL (for few days trading)

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

CLICL is a mid-cap Life Insurance Company.

After a short rally from ~44 to 69+, it is under-going correction.

It is sort of forming a flag/pennant. 

A break of the diagonal resistance might initiate another rally.

Nothing is confirmed yet. But due to today's low volume turnover in the market, we might see few rallies in low paid up stocks.

SL if it goes below 53.

Let us see what happens.

Technical Analysis of City Bank

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

City Bank crossed Target early!

https://imti77az.blogspot.com/2025/06/city-bank-as-investment-option-4-of-20.html

Today there was a low volume (implies fewer sellers at this price) doji candle - it implies market is undecided.

Next day movement might make it clear.

Technical Analysis of EGEN (for few days trading)

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

EGEN is a mid-cap IT stock.

After a 3-month rally from ~18 to 33, it is under-going correction.

Today's (22 Sep 25) candle and volume suggest reversal although Support Zone is below (23 to 24).

Tomorrow, a confirmation candle might initiate another rally soon.

Else it might go down to 23~24 and then rally later.

SL 5% of buy price.

Let us see what happens.

Technical Analysis of LHB

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

LHB is a good cement company.

After a 2-month bullish rally from June to August (42.5 to 62.5), it is under-going correction.

Support Zone is 48 to 50.50

Let us watch if this holds or whether it creates a sort of Double Bottom.

Technical Analysis of Grameens2 MF

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

Grameens2 NAV is quite high ~ 16+

After a bullish rally from July to August, it is under-going correction.

It seems down target is ~12.

11.8 to 12 seems safe buy zone for mid term investment.

Let us see what happens.

Technical Analysis of IDLC

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

IDLC is a good NBFI - a rarity in this sector in Bangladesh.

After a bullish rally from June to early September, it is under-going correction (which was expected from the Negative Divergence in MACD).

Now volume is drying up and it is coming to Support Zones. Probable areas to watch are:

37.40 to 38.40.

Worst case might be 34 to 34.50 (unlikely for now).

First let it settle. Then it might provide a trading opportunity.

Let us see what happens.

Technical Analysis of Square Textiles Limited (for few weeks Trading)

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

Square Tex is one of the rare good companies listed in textile sector!

It gives >30% Cash Dividend. EPS likely to be ~6.

It seems it is trying to break Resistance at 59-61.

If it can cross 61, then likely target is 67.5 (previous Floor price).

SL if it goes below 52.

Let us see what happens.

Technical Analysis of TECHNODRUG (for few weeks trading)

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

I don't know much about the fundamentals of Techno Drug.

Technically it is Bullish.

It is generating huge volume (and broke Resistance at 39).

It seems next Supply Zone is ~47 to 53.

SL if it goes below 38.

Weekly Chart given below.

Technical Analysis of Matin Spinning Limited (for few weeks Trading)

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

Matin Spinning is one of the rare good companies listed in textile sector!

It gives 40-50% Cash Dividend. 

Assuming 40% cash, Yield is 7% ~52.

It had been consolidating for around 7 months from 42 to 48.

After breaking out, it seems to have created Support ~ 52. 

Now it needs to break 59~60 and then we might see a longer rally.

SL if it goes below 50.

Let us see what happens.

Technical Analysis of BDCOM (for few days trading)

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

BDCOM is a mid-cap IT stock.

After a 3-week rally from 23 to 35, it is under-going correction.

Technical Analysts use Fibonacci Retracements (to give it a semblance of Science!).

Thus, the rally retraced ~62%.

A counter-move might result soon.

However, if could settle around 26-26.5 (support zone), then the rally would be more likely.

SL 5% of buy price.

Let us see what happens.

Technical Analysis of SALAMCRST

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

There is nothing fundamental about Salamcrst.

Technically, there are two Scenarios.

Bullish: If it breaks the channel on the up-side and closes above 26, then 30~35 possible.

Bearish: If it breaks the channel on the down side, then a bearish move might entail.

If bought, tight SL of 5% necessary.

Technical Analysis of Pragati General Insurance (for few weeks trading)

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

Pragati Gen Ins is one of the better listed General Ins Company.

Recently it is generating volume in the Bullish Market.

And it broke 58 Resistance.

We might get a rally to 70~75 levels.

SL if it goes below 57.50

Technical Analysis of Tosrifa (for trading)

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

Tosrifa is a textile company that gives marginal cash dividend.

It broke Resistance of 21.60 with Volume today.

Now if it re-tests 21.6/21.7 next day and then goes up, we could get a rally to 26+

Buy price 21.6 to 22.

SL if it goes below 21.

Technical Analysis of MHSML (for trading)

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

MHSML is a textile company that gives marginal cash dividend.

Technically, there was a Gap on 28 August 2025. It seems like a break-away gap (or mid-way gap).

Assuming it is a mid-way gap, the rally from 12 to 17 is 5 points.

Thus, initial target is ~22 (17 + 5).

As Technical Analysis is not a Science, it might be safe to target 21.

Buy price 17 to 17.6.

SL if it goes below 16.9 (analysis invalid if Gap is closed).

Technical Analysis of KBPPWBIL (for trading)

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

Kbppwbil is a JUNK stock.

There are two possibilities technically.

Bearish: Considering EWP, it might go up and as long as it does not close above 160.50, then a downward move expected.

Bullish: But considering bullish market, we could also take it as a break-out from accumulation. Thus, there is chance of trading gain.

Taking the bullish scenario, it might re-test 130 and then go up to 160, even 180 or higher.

SL is 5% of buy price.

High-risk Moderate-gain.

Charts given below. 

Technical Analysis of Prime Bank (for trading)

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

Prime Bank was previously described here as an investment option:

https://imti77az.blogspot.com/2025/08/prime-bank-as-investment-option-6-of-20.html

Its NAV is 35+

It could also be considered for trading now.

After a recent rally, it consolidated and is trying to break previous high of 29.60

If it can break the Resistance with volume, we could see a fast rally to mid 30s (even 40+).

Flag and pole target is also 35+

SL is 5% of buy price.

Chart given below. 

Technical Analysis of SEMLLECMF (for few months)

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

It seems SEMLLECMF has bottomed at 6.60. 

It will most likely be converted to an Open-ended fund (NAV 10+) by end of 2025.

Current price is ~7.

Current bullish market likely to increase NAV. Even if we consider a lower NAV of say 9 to be on safe side, still it seems to have good return potential (7 to 9 is ~28%) with minimal risk.

Before making decision, one should evaluate:

- The Sponsors

- The existing portfolio

- Holding composition

VAMLBDMF is another alternative.

For precedence, one could check ATCSLGF MF movement in March 2025.

Technically, it could run to 9-10.

SL is 5 percent of buy price.

Let us see what happens.

Technical Analysis of Envoy Textiles Limited (for few weeks Trading)

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

Envoytex is a highly leveraged textile company in Bangladesh. 

It is one of the rare good companies listed in textile sector!

It has been consolidating for around 1 year.

Recent high volume break-out implies that we could have a rally in the coming weeks. It only needs to break 55.5 level now.

It seems smart money is expecting good earnings and dividends and has taken position.

Thus, a rally till earnings declaration is likely and it might even reach 64-70 levels (2012 High).

SL 5 percent of buy price.

Let us see what happens.

Technical Analysis of Doreen Power (for few days Trading)

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

Doreen Power is a highly leveraged power company.

It has been consolidating for around 1 year.

Recent high volume break-out could spark a quick rally.

It is for the high-risk high-gain takers!

If it can cross 33~34, then rally to 40+ likely.

SL 27.

Let us see what happens.

Technical Analysis of Beach Hatchery (for few days Trading)

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

Beach Hatchery is a low-paid up company.

After a significant down move from March 25 (~120) to ~41 in June 25, it is trying to bounce up.

There could be a short rally to 60~65 with SL at 52.

Let us see what happens.

Technical Analysis of AIL

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

"In theory, there is NO difference between theory and practice. In practice, there is."

Following is Wyckoff Cycle. Let us see if it happens in real!

AIL (Alif Industries Limited) is a low paid up company.

It seems to be in Accumulation Phase.

Let us see is Markup occurs in coming days.

Below is AIL's previous run (Bullish rally in 2023) - Will History Repeat?

Technical Analysis of SIPLC (for few weeks Trading)

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

SIPLC (Sena Kalyan General Insurance) is an insurance company.

After a rally (from IPO), it is under correction.

Once it breaks the Channel in Weekly, we could see a bullish move.

In Daily Chart, it is trying to break from a consolidation zone too.

SL at 47.

Let us see what happens.

Weekly Chart:

Daily Chart:

Technical Analysis of Salvo Chemicals (for few weeks Trading)

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

Salvo Chem is a low-paid up company.

From a low of ~18, it has broken 27~28 resistance with Volume.

It sort of looks like a Rounding Bottom (with increasing volume in recent days).

There seems to be some up-side (34-35) with SL at 26.50.

But bullish market could extend the trend to even 40 levels.

Let us see what happens.

Technical Analysis of ICB (for few days Trading)

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.

Technical Analysis of Pragati Life (for few weeks Trading)

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.

Technical Analysis of Tamijtex (for few weeks Trading)

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.

 

Technical Analysis of IBN SINA (for few weeks Trading)

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.