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.
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.
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.
