HDFCAMC - Rounding Bottom after a smooth Rally - Intraday
Updated
This analysis is done purely on basis of price action and chart patterns.
The analysis is done on 15 min TF hence target can be achieved same day or in a couple of days
Logic, Entry range, SL and Target is shown in image itself.
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
To understand how rounding bottom gives a blast move on breakout -
Check below case of BALMLAWRIE and DHANUKA for examples of Rounding Bottom Pattern
The analysis is done on 15 min TF hence target can be achieved same day or in a couple of days
Logic, Entry range, SL and Target is shown in image itself.
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
To understand how rounding bottom gives a blast move on breakout -
Check below case of BALMLAWRIE and DHANUKA for examples of Rounding Bottom Pattern
Trade closed: target reached
both targets reached
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