Technical Analysis of Pragati Life (for few weeks Trading)

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.