Dse Market Update 28/8/2023 (Monday)

Today market bounced from support level 6271.3 to 6279.9 and closed at 6298.2. Last week Dsex index showed an extreme downtrend and bearish momentum. But the next two days Dse market showed a reversal movement which means the market may change its trend down trend to an uptrend. Still market shows a long-term down trend but a short-term up trend. The market’s next resistance level may be 6313.5 to 6319.6. The total market volume increase from yesterday is a very good sign of strong up-trend movement. If total market volume increases gradually then we can see good money flow in the market and all stocks move strongly.

 

 

Dse market watch list Monday 28/8/2023 (Monday)

List of stock watch list ………………………………………………………………………………………..

Below stock is looking good technical analysis for the selection of tomorrow’s buy opportunity. But the stock market is risky and sometimes unpredictive. so, make your decision on your own analysis.

1. EHL

2. SONALIPAPR

3.CRYSTALINS

4. ASIAPACINS

5.GENEXIL

6.RUPALIBANK

7.JHRML

8. POPULARLIF

9. RSRMSTEEL

10.MIDLANDBNK

11.BENGALWTL

12. CENTRALPHL

13. KOHINOOR

14. NAVANACNG

15. SEAPEARL

16.MJLBD

17. YPL

 

 

Which stock may be best or a buying opportunity from the watch list is given below……….

1.MIDLANDBNK

2. JHRML

3.NAVANACNG

4.ASIAPACINS

5. SEAPEARL

6.CRYSTALINS

7.RUPALIBANK

8. ADVENT

9.POPULARLIF

Midlandbnk technical analysis ( Price Action) chart given below

 

 

Midlandbank shows in the chart swing point form support level 13.00 tk and it is a very strong support zone and its next resistance zone is 14.5 tk to 16.00 tk . But if the market breaks its resistance 16. oo tk then our target top of its price or high price is 18.00tk.

 

SEAPEARL technical analysis ( Price Action)

 

 

SEAPEARL stock support zone 169.8 to 167.9 tk and it is a good sign to buy this stock but it is risky also because it is a down-trend stock. its resistance is 192.2 and 205 tk. it we want to buy this stock should be alert that our stop loss may be 10 %..

NAVANACNG technical analysis chart

 

 

NAVANACNG show a good swing level in the chart which is a support level also. it is 24.9 tk to 25.2tk . Its resistance zone is 26.7 tk and 27.8 tk.

ADVENT Technical analysis (Price Action) chart

ADVENT stock moved from support and very strong buy signal for 23.9 tk and support zone 23.4 tk to 23.9 tk. its resistance zone 25.4 tk to 26. 2 tk.