ACIFORMULA

Its looks like the long down trend is going to close. It broke the MA 200(yellow) line. But before any entry it must retest the MA 200. And the short target could be 170 and 175.

How to open an account for Trading at DSE

Before opening an account to tread in DSE you have to be over 18 years old. Here I am only sharing about personal account not other. In DSE there are many types of account (i.e. Personal, Institutional, NRB, Foreign Investment).

To open an account you have to select an TREC Holder which you will find in the following like (http://www.dsebd.org/list_of_member.php) and then you have to submit the following papers to open the account:
1. National ID card or Passport of Account Holder.
2. A bank account in Schedule bank of Bangladesh (saving or Current type only).
3. National ID card or Passport of Nominee.
4. Two Passport Size Picture of Account Holder and one Passport Size Picture of Nominee.
5. TAX certificate (or else 15% deduct on bonus).
6. Duly filled account opening form.

Usually it take one to three business days to open the account.

An Introduction to Dhaka Stock Exchange

Dhaka Stock Exchange (DSE) is one of the two stock exchange of Banglagesh (other is Chittagong Stock Exchange) ad the largest of the two. DSE was first incorporated as East Pakistan Stock Exchange Association Ltd on April 28, 1954. Then as public limited company the name was revised to East Pakistan Stock Exchange Ltd on June 23, 1962. Later after on 14.05.1964 the name of East Pakistan Stock Exchange Limited was changed to "Dhaka Stock Exchange Ltd." Currently their are more than 320 companies listed in DSE and 3 indexes (which are not tradable) DSEX(DSE Broad Index), DS30 (DSE 30 Index) and DSES (DSEX Shariah Index). Recently DSE lunch DSE Mobile application through which you can tread right from your android mobile.

Hello I am Shahnewaz. By tread I am an Electrical Engineer and currently working in Bangladesh Power Development Board. I got my B. Sc. Engineering degree from RUET in 2007. I started my career in Telecom industries in capacity of Services Engineer for LM Ericsson Bangladesh LTD then I switched to Teaching and lastly I switched to Power Sector. Currently I am serving BPDB for last 6 year. When I start as a Lecturer in UITS back in 2008 I got an opportunity to meet a very friendly big brother Nazmul Haque. From him I came to know about the Bangladesh Stock market and then I started my investing in Dhaka Stock Exchange. In my early days of investing I try to learn as much as I can. DSE is a very orthodox market and most of the general rules do not applied in this market. Which lead me to learn this market in a new way. I try to figure out how Technical analysis be used in this market. And after all these year I would say I just able to tiny bit of this stock analysis.

In this blog I like to share the basic concept of the Technical Analysis and how that can help you to take your action in Share market. Hope you will enjoy this as much as I do. Feel free to make any kind of quarry on Technical Analysis.

Regards 

Md. Shahnewaz Islam