vanathi

Bang Overseas - Investment Stock!

Long
BSE:BANG   BANG OVERSEAS LTD
349 views
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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Comments

But the RSI is 77.5 can it go upto 100?
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That thought of spreading happiness is the most impressive thing of all.... Your thoughts suggest that you are really good person... Thank you so very much.. All the best for future....
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vanathi krunal20309
@krunal20309, Thank you...
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yes i do agree, with this pattern
if anyone holds for 2 years will get great returns
almost double to triple.
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vanathi pk29121976
@pk29121976, Thank you for sharing your view...
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