Today the "Rounding bottom" pattern has failed decisively.

After a huge sell of 13% in Gland pharma (NSE) , it got into a combination of beautiful pattern of symmetrical triangle and rounding bottom pattern ,after a considerable side way movement , it suddenly breakout with good volumes , sustained and moved up but suddenly at a resistance level of 1921, it bounced back
decisively , converting a good uptrend into a quick downtrend, also the beautiful rounding pattern failed. Now the stock is 15% below it's previous day close. Let's see what happens tomorrow. Happy Trading friends.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.