vanathi

Alkali Metals is forming rounding bottom!

Long
BSE:ALKALI   ALKALI METALS LTD
The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the weekly chart indicates this script is turning from bearish to bullish . When buyers enter the market at a low price, it increases the demand for the stock. Once the rounding bottom is complete, the stock breaks out and will continue the uptrend.

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