Disclaimer: Trade at your own risk, This is for educational purpose only.
On breakout, go long RSI at levels of 62 Target - 209, 216
All details are given in the chart.
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
Stock Analysis on request from a follower .. The stock price is hitting 11 year old resistances .. The overall chart structure is very bullish you can see the huge momentum through the steep angle of the move that is also supported by the rising volumes The Volumes suggest a move up as well.. However, there has been huge rejection on these levels before so...
👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 🔥 Dip buying: Strong trendline at a good angle activates buyers to push the price up again after a minor correction in the trend 🔥 Small stop losses with high rewards are seen on this line 🔥 Let it make a green candle on this line, initiate a Long as per your...
The stock is taking support from 50 EMA, volumes are expanding, trading near support zone and RSI taking support from 40. Multiple confirmations to go long.
The stock is consolidating near the resistance level and is expected to give a breakout soon. Keep a eye for positional targets.
Breakout with huge volumes, initiate long RSI at levels of 66 Hold for target - 579
Consolidating, on breakout, initiate long RSI at levels of 46 Hold for targets - 1991, 2068 Good support at level of 1700
The ascending triangle is a bullish pattern. Enter on breakout of the resistance level.
Moving in a channel When trendline is broken, initiate long and hold for upper end of channel RSI at levels of 51 Target - 584, 609, 636
Retested trendline breakout, initiate long Good volumes seen RSI at levels of 61 Hold for target - 1093 Support at 735
On breakout, go long Hold for Targets - 287, 297, 305
The stock is formning rounding patterns on the weekly time frame and is expected to give a breakout. This could turn out to be a long term trade
ENTER BY CONFIRMING THE REVERSAL AFTER RETEST
1. Good to enter at CMP. 2. Trendline breakout happened and support taken on trendline in the retracement. 3. Target 420/500 4. Average till 300, SL : 250 Disclaimer: This is educational purpose only.
Bull Flag pattern on daily chart Happy LEARNING