manuvsingh

AB Money Rounding Bottom Pattern

Long
manuvsingh Updated   
NSE:BIRLAMONEY   ADITYA BIRLA MONEY
Rounding Bottom Pattern near completion
Consistent Large Volumes show accumulation
BO Neckline - 52
Weekly Closing > 52 will confirm BO
Next Target is 71
Strong Support - 40 to 42
Stop Loss - 39

On Monthly Candle Stick chart too
Rounding Bottom Pattern is formed with neckline at 46
A monthly Closing > 46 will confirm BO
Next target on Monthly too is 72


Study Notes
AB Money Weekly Resistance as per Line Chart
51-72-81-98
AB Money Monthly Resistance as per Line Chart
55-71-87-120
Trade active:
AB Money has formed Cup and Handle on Weekly Charts and also has the momentum.

Wait for Breakout above 52 WCB.
Above 52 this will be a Bullet as it will be a multi-year BO and 60-70 should come very fast.

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