It is called that during holly Ramadan DSE smashes all the money of small capital investors. By following tradition investors also are to ready to pass their whole day at home leaving securities farms. The scenario is likely the waste land of T.S Eliot; there is none in a place.But now a day investors keeping digital idea in mind started to think reversely. New investors are being exposed to DSE/CSE is not unknown to all. As a result volume is going to momentous form gradually that is found in technical DSE chart. All the indicators are positive and showing much strength indicating near future advance movement. Technically the chart shows throughout this month price will be moving and will reach to previous resistance at 3100 levels. So, it is clear that DSE will not decline in the holly month this year anymore; rather breaking all previous tradition it will be advanced to the half of the Ramadan.
On the other hand, ‘Z’ categories companies will be matured after 10 days of buying, according to Regulatory Body. The intention is to make the investors more followers of ‘A’ categories companies. According to many this is a good idea to keep the stock stable and protect gambling by so-called syndicates.
The writer upgraded Bextex as BUY and rated to the price limit tk.100, without it he upgraded Beximco ltd, Daffodil, Intech, BD Online, BD Com, Agni System, BD Thai. He expressed his deepest sock at ‘B’ and ‘N’ categories companies. He suggested the investors to avoid all kinds of ‘Z’ categories companies at least before Eid-ul Fithor.
Written be – Shah Anaym Kabir, Financial Stock Analyst, DSE/CSE/LSE/NYSE
Managing Director, Earth Movers, e-mail: earthmvrs@gmail.com ; s.anaym@yahoo.com
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