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Gabriel - Rounding Bottom patternA Rounding Bottom (also called a Saucer Bottom) is a bullish reversal pattern, typically indicating that the price is moving from a downtrend to an uptrend. Rounding Bottom Formation: This pattern often forms over a long period and suggests that after a sustained decline, the asset is gradually transitioning into an uptrend. The price action forms a smooth, rounded curve, rather than a sharp, angular reversal. Neckline Breakout: The "neckline" is the resistance level that is typically drawn at the top of the rounding formation, where the price has repeatedly failed to move higher. A breakout above this level is a key signal that the trend may be shifting from bearish to bullish. Price Target: We are expecting that if the neckline is broken, the price could cross 500 level (a psychological round number), which suggests you’re anticipating a significant upside move once the breakout is confirmed. This is consistent with the typical behavior of a rounding bottom pattern, where the potential price target is often calculated by measuring the distance from the bottom of the pattern to the neckline and then projecting that distance upwards from the breakout point. Trade Details: I am waiting for confirmation of the breakout before providing more details about the trade, including entry points, stop-loss levels, and exit strategy.
NSE:GABRIELLong
by Arvind_Share_Academy
1
Potential upmove | Bottom fishing - BALAMINESThese analysis is based on bottom fishing method. Meaning that the stock shows an uprising potential from the bottom. Fundamentally it can be due to any major decisions in the management or tremendous performance shown or any such positive actions. Technically, it would have shown an upmove using MA or RSI breakout or any such analysis. IMPORTANT : Wait for weekly close above the breakout level. The secret sauce is not revealed here that how I pick my stocks, however the idea is shared as an educational material. This will also help me to keep a track of my accuracy in doing analysis. Hence & also, I request anyone not to take any positions based on the accuracy of my previous feeds or moving forward. Do your own research and analysis before investing your hard earned money. Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY! DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespective of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING. HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT
NSE:BALAMINESLong
by Yoyohoneysingh93
4
SHARDACROP & DBCORP: Two Bright Spots in a Challenging MarketSharda Cropchem ● The stock price is evidently experiencing a robust upward trend. ● After a brief consolidation phase, it developed a Rounding Bottom pattern, and following a breakout, it has surged to an all-time high. ● The increasing buying volume suggests that the stock could continue to rise significantly. D.B. Corp ● The stock price is currently moving within an Ascending Parallel channel. ● After reaching an all-time high around the 404 mark, the stock experienced a pullback to its trendline support level. ● Having rebounded from this support, the stock price is now poised for upward movement.
NSE:SHARDACROPLong
by GoodluckCapital
2
Downtrend Reversal in Thyrocare The weekly chart shows a reversal after a long downtrend. The stock has recently broken above the weekly 200 EMA, a significant technical milestone, and has also retested this level successfully. This indicates the potential for sustained upward momentum, especially as volume supported the breakout. The stock could face resistance around INR 1,000, which is a psychological level. If momentum continues and the stock decisively breaks above INR 1,000, a further target could be set around historical levels. For a stop-loss level, consider placing it slightly below the retest level. These levels can be adjusted based on risk tolerance and evolving market conditions. Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NSE:THYROCARELong
by Indieconomic
1
AMIORG - Breakout Setup, Move is ON..NSE:AMIORG ✅ #AMIORG trading above Resistance of 1706 ✅ Next Resistance is at 2352 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:AMIORGLong
by Sandeep_Aggarwal
3
HCLTECH - Eying for 1500-1550 levels?HCLTECH CMP 1757 In All likelihood, the script could potentially hit 1550-1500 levels in the coming days Observations: 1. Stock has achieved rounding bottom breakout target (900-1380-1890) and profit booking is taking place now 2. Price has been reversing from 100% fib extension from the covid lows of 375 (375-1378-877-1888.5) 3. Price had a one way rally from 1235 levels and retracing.. 50% retracement is at 1560 4. In a single candle, price broke 20 and 40 DEMA and closed below 5. Price broke down from the rising wedge at the top 6. Price never retested the 200 DEMA after breaking out at 1410 levels.. Current 200 DEMA is at 1600 and in time, it would be around 1550-1500 (if the script continues to trade lower)
NSE:HCLTECHShort
by Murthy_Santhosh
1
BOROLTD - Multiple Bullish Pattern Breakout On Weekly ChartBOROSIL Ltd reveals a combination of bullish patterns, suggesting the potential for an upward breakout on weekly chart. Here’s a technical analysis: Inverse Head and Shoulders Pattern: The stock shows an inverse head and shoulders formation, with the left shoulder, head, and right shoulder clearly marked. This pattern is a strong bullish reversal signal, indicating a shift from a downtrend to an uptrend. Cup and Handle Pattern: Inside the inverse head and shoulders, there’s also a cup and handle pattern, with the cup length marked. This pattern further reinforces the bullish outlook, as it often signals a continuation of an upward move following a breakout. Breakout Above Resistance: The stock appears to be testing a horizontal resistance level at around ₹455. A breakout above this level would confirm the bullish patterns and indicate a potential upward move toward the projected targets. Volume: There’s a noticeable increase in volume as the stock approaches the resistance level, suggesting accumulation and growing buying interest. Rising volume during the formation of these patterns is a positive sign for breakout strength. Targets: The projected targets are based on the cup and handle breakout measurement: Target 1: ₹500 Target 2: ₹560 Target 3: ₹600 RSI (Relative Strength Index): The RSI indicator is trending upward and is currently around 62, which is in the bullish zone. However, it’s not overbought, implying that there could still be room for further upward movement. Conclusion The stock displays multiple bullish patterns (inverse head and shoulders and cup and handle), backed by rising volume and an upward-trending RSI. A successful breakout above ₹455 could lead to the stock reaching the first target of ₹500, followed by potential gains to ₹560 and ₹600 if momentum continues.
NSE:BOROLTDLong
by Profit_Trader25
3
Amara Raja Energy for 60% gainsDate: 30 Oct’24 Symbol: ARE_M Timeframe: Daily Amara Raja Energy & Mobility seems to have begun Wave V of 3 which is heading towards 2150 (60% from current price of 1350) as seen in the chart. Once it has crossed 1450, its five waves can be established. Both volume pop out and RSI strength support this view. This is not a trade recommendation. Please do your own analysis. HINGLISH VERSION Aisa prateet hota hai ki Amara Raja Energy & Mobility ne 3 ki Wave V shuroo kar di hai jo 2150 (vartamaan price se 1350 se 60%) ki taraf badh rahi hai, jaisa ki chart mein dekha gaya hai. Ek baar jab yah 1450 ko paar kar jae, to iski 5 Wave sthaapit ki ja sakti hain. Volume pop out aur RSI ki majbooti donon is drshtikon ka samarthan karte hain. Yah koi trade lene ki salah nahin hai. Kripya apna vishleshan khud karen.
NSE:ARE&MLong
by DhandhaPaani
2
Dr Reddy is Ready to fly in blue sky, Short term Trading Idea .I hope you all will be doing good in your life and your trading as well. I have brought a stock which has formed a pull back pattern and taken support at previous breakout zone. Stock name is Dr. Reddy's Laboratories Ltd and it is a leading India-based pharmaceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations. Stock is good for short term trading idea as it has taken support in the previous breakout zone. Stock is good for long term investing as well. This can be best SIP stock to invest and get handsome returns in future. Market Cap ₹ 1,09,439 Cr. Current Price ₹ 1,312 High / Low ₹ 1,421 / 1,041 Stock P/E 19.7 Book Value ₹ 339 Dividend Yield 0.61 % ROCE 26.5 % ROE 21.4 % Face Value ₹ 1.00 Industry PE 34.5 Debt ₹ 2,002 Cr. EPS ₹ 66.7 Promoter holding 26.6 % Intrinsic Value ₹ 1,033 Pledged percentage 0.00 % EVEBITDA 12.3 Change in Prom Hold -0.01 % Profit Var 5Yrs 24.4 % Sales growth 5Years 12.6 % Return over 5years 18.9 % Debt to equity 0.07 Net profit ₹ 5,565 Cr. ROE 5Yr 16.7 % Profit growth 17.8 % Earnings yield 6.77 % PEG Ratio 0.81 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:DRREDDYLong
by TraderRahulPal
7