GNFC: CMP 485.95 - Weekly Chart = Bullish for Long Term
Perfect Rounding Bottom in GNFC Indicates Possible Breakout
Running Pattern : Rounding Bottom
Trend : Bullish
Important Support 451.00
Target : 505-518-525-547.50 ATH breakout 548.50.
CMP : 485.85
Buy@ 491 Stop loss 471.00
Double bottom pattern
NIfty maybe at bottom
1) Can pickup good quality smallcap stocks
2)Can start buying nifty etf for good 10%returns
3) bull spread would work best
above 17500 nifty will become bullish and 90% chance it will form new high.
4 Year Long Rounding Bottom Pattern
If weekly price gives breaks out above 500 with high volume and confirm the same with closing of candle, then only one should enter into the stock.
Disclaimer: This is for Educational purpose only, you can observe and learn this trade strategy and build confidence in your decision making while looking to enter in a potential...
From the current levels, it has the potential to go 1800 and beyond. The rounding bottom is clearly formed with a higher high formation.
Enter at the current levels with stop below the breakout line.
Kindly note that this is not a recommendation and do your own analysis before investing.
The following Chart shows Rounded bottom for Indusind Bank, also a Morning Start Candlestick pattern is formed on the weekly chart.
Other Indicators also indicate Upside Movement (RSI & MACD)
Recent Breakouts of Nifty Will also help push this stock price.
JK Cement giving a sensational breakout at 3000 levels. This is crossed after a long consolidation started in February. I speculate a good move of 300 points on the upside in a few weeks. A good risk reward trade with a small stop loss below 3000. Buy on corrections.
Kindly note, this is not a recommendation. Only an analysis.
Tata Motors is forming a rounded bottom pattern attempting to breakout of a level respected over the last 3 years. It would be advisable to wait for the successful breakout and look to enter upon follow through.
#ABCAPITA has formed a Rounded bottom pattern. On breaking the pattern, it will be super bullish. Try buying during the pullback and enjoy the ride.
Only for educational purposes only - trade at your own risk.