vanathi
Long

Alkali Metals is forming rounding bottom!

BSE:ALKALI   ALKALI METALS LTD
258 15 9
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.
madam for some stocks you are taking monthly and for something you are taking weekly.can i know the reasons?
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I have Voltas stock which you recommended few weeks back at 333 ..Now at 370..Thanks...Please advice will i exit or keep it for long term although quantity is small..
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vanathi vaibhav.rf
@vaibhav.rf, Keep trailing stop to protect profit. 333 to 370 is good i can say.
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Nice Idea. :)
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vanathi Silvercon
@Silvercon, Thank you...
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Yes rounding bottom is followed by an uptrend.
Look at ester industry charts same rounding bottom? Plz confirm I have bought at 54 ester
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vanathi naveengehlot
@naveengehlot, Yes ester industry formed a rounding bottom. But it didnt break the rounding bottom and continue the uptrend. Frpm the price 20 - 30 to 110 it has given a good opportunity.
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@vanathi, time horizon for ester trg 110 ?
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vanathi naveengehlot
@naveengehlot, During 2015, 2016 it was in uptrend and reached 110. Now it is not in rounding bottom pattern. Also it is consolidating inside the triangle. Breakout will decide which side it will move.
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Any advice on entry and exit price?
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