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.
