vanathi

Bang Overseas - Investment Stock!

Long
BSE:BANG   BANG OVERSEAS LTD
9
This is a very long term investment as the time frame of the rounding bottom is monthly. 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 monthly 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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