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.

Prime Bank as an investment option (6 of 20)

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.