DSEGEN INDEX (Weekly Update)

DSEGEN INDEX (Weekly Update) : Before discussion pls see the below data :

DSEGEN INDEX:
Sep 22, 2011        : 5652
Sep 15, 2011        : 5966
Difference (Point)  : -314 (-5.56%)


VOLUME:
This week average : 3477132000
Last week average : 3265408000
Difference (Taka)   :   211724000 (6.09%)

If we compare this week with last week, we find that General Index has fallen -314 point (i.e. -5.56%) and volume has increased a little bit i.e. approx. 21 crore.

Now, please look at the Chart 1. Index is still below the BB mid band and staying in the below channel which is extremely bearish.

Na, Sob kishu sesh hoye jai ni. Pls. hotash hoben na and look at the Chart 2. I've tried to draw a Support Zone. Char dik theykey good news ashchey. Ei jatray eta sustain korey kina amra dekhtey pari.We should watch this Support Zone and react accordingly.

If we watch the last candlestick in the Chart 1, we found that it has formed a "Doji" which is a powerful candlestick formation that refers to indecision between bulls and bears. Usually, we found it at the top or bottom of a trend and thus is considered as a sign of possible reversal of price direction. I hope, this time we found it at the bottom. Sometimes, it is a sign of continuation of a trend.

If you read my last week DSEGEN INDEX (Weekly Update), you need not read the below writing except last paragraph.

 What should we do now :

 => If you are a position taker, you should use your previous experience and then put your stop-loss as per your loss bearing ability.

 => If you are holding share not cash, please tighten your stop-loss. Pls. don't be emotional, be mechanical.

 => If you are holding 50-50 share and cash, pls closely monitor the market as well as tighten your stop-loss.

 => If you are holding most of your cash, I know you are well smart to know what to do. Just closely monitor the market.

Finally, "Your money, Your decision". No need to follow others advise specially in share market. Just try to learn and use your knowledge. Your learning will lead you to success. In shaa Allah. 
by JC