combination of cup and head shoulderswe can observe there is combination of inverse head & shoulder with cup pattern or rounded bottom
Bottom
allcargo round bottom formationAll cargo formed a round bottom with depth of 45 pts from neckline to the bottom in 7 months with the formation being complete at 200.45 . A tgt of 245 can be seen in mid term with entry points being above 200 on closing basis and stoploss below the low of the breakout candle
india cements triple bottom it has formed a triple bottom at 169 with the top at 179 so the target can be put for 195-200 with stop-loss around 175
MRF - round bottom is time for long?MRF formed Round bottom. The current trend in ascending channel. So expecting a breakout from the resistance at 69830. Once it broke it is resistance it will be good for long.
Height of cup 8269
Neckline 69830
buy above 70500
Target 1 78099
CBSL 69825
Rounded Bottom on EURUSD Rounded Bottom pattern formation on EURUSD and it will break on upside.
Trade:
Buy above - 1.15315
Target 1 - 1.19027
Target 2 - 1.22900
Stop Loss - 1.09915
Bank of Maharashtra - Rounding Bottom - New channelLong term downtrend broken in Weekly charts
Rounding bottom complete.
Stock seeing strong volumes these days
Buy above 38 and Trail SL
ICICI Is the trend reversingFrom last 6 months trading within the channel and looks today reached bottom of the channel. Further will be heading towards the previous high of 282. One can wait for the momentum to reverse with a stop loss at channel bottom.
