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pradipandsuvra

Jindal Photo: Rounding Bottom Breakout

Long
JINDAL PHOTO LTD (NSE:JINDALPHOT)  
pradipandsuvra  
NSE:JINDALPHOT   JINDAL PHOTO LTD
Support and Resistance Double Top or Bottom indianstockmarket indianstockmarketanalysis stocktowatchfor stocktobuy roundingbottom
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supportandresistance doubletoporbottom indianstockmarket indianstockmarketanalysis stocktowatchfor stocktobuy roundingbottom
JINDALPHOT has a nice, copy-book rounding bottom formation.

It has the following properties in the chart:


  • A perfect Rounding Bottom formation.
  • A perfect ascending triangle formation.

Buy above 420 with a SL to the neckline of the rounding bottom (i.e. 400). Below that the SL can be revised to 394.

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