The "Rounding Bottom" or "Saucer Bottom" chart pattern is a technical analysis indicator that can signal a potential bullish reversal in the price of a stock. When observed in Bajaj Consumer's stock chart, this pattern suggests that the stock may have reached its lowest point and is poised for an upward trend. Key points to note that when bullish curve started,...
Bayer CropScience Ltd: Cup & Handle Pattern 59 % upside potential Price breaksout through neckline with huge volume and trading above it. Levels mentioned on chart & given targets seems achievable. Plan your trade accordingly. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk. "Trade what you see, Not what You Think" Happy Trading(:)
The downward trend seems to have ended although no one can be sure of it. Technical factors 1. local ema support, 2. price action favouring bullish upcomming move(candles), 3. change in structure.
Monday can be day 2 of the short term downtrend. Stop 23600 Expecting decisive moves in next week. I Calculated the number of stocks in strong uptrend. The number of stocks in strong uptrend: 14 June: 66 21 June: 35 Sentiment in market has changed in last week. Lets see. The definition of strong uptrend is subjective.
As per the feb retracement the gold is likely to bounce back from this point . as we can also see an uptrend line . previously gold also bounce back from this point. i hope you like my idea. but i think before going up directly it will stay in range for a while .
confulences initating bias- The stock is receiving support from local EMAs and has reversed towards the mean. It is forming a higher low, indicative of a flag pattern. Additionally, there is a strong rejection observed at the support level, which infers buyer dominance.
Can Render Price Rise From The Support Or Continue To Plunge? Render Price fell sharply after the breakdown below the Psychological level of $10. The RNDR token price currently seems to be stabilizing near the 200 day Exponential moving average. The Render crypto seemed to be stabilizing near the 200 day Exponential moving average in the recent sessions. The...
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Hello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 2335# Major Resistance - Around 2360# See the price action at our zones, take the trade according to your Risk - Reward. Happy...
BANDHAN BANK is at a support turned resistance @ 207-212. Also looking at the Long Term chart a Rounding Bottom formation can be seen with a High of 263. First it has to break the resistance zone @ 207-212 convincingly for a 1st Target of 260. Keep on your Watchlist.
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Metropolis - Long Term Trade , Cup Formation Buy Above 2100 Candle Close, SL (1750, Candle close), Target 2500-2600 Disclaimer: Study only for Educational Purpose. Remember: My Money, My Risk, My Reward, My Responsibility. Please Consult your SEBI registered Financial Advisor for any Financial Advice/ Decision.
SYMBOL - PFC CMP - 510 PFC saw huge sell off on 4th June & now It is recovering & price is testing the liquidity area which is now a resistance. I'm seeing a trading opportunity on sell side in PFC. Shorting PFC Futures at CMP 510 I will be adding more if 535 - 540 comes & will hold with SL of 562 Targets I'm expecting are 418 - 402 & 388 Disclaimer -...
Hello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5100# Major Resistance - Around 5200# See the price action at our zones, take the trade according to your Risk - Reward. Happy...
The trend has reversed, and there is visible strength in demand, as indicated by the length of the candles. Overall, this makes it a good stock to buy from a technical standpoint.
Avantel is heavily reliant on Defense orders. Exercise Caution. The targets may take multiple weeks to years to hit. It has formed Flag and Pole pattern. Wait for the stock to retest one can enter around 150 and average up on its way up. SL - 137 Disclaimer : Educational content. Please do your own research !!
A 6-year consolidation has come to an end, and the stock is now showing a breakout. Generally, multi-year breakouts are genuine and tend to continue consistently.
The stock is showing a pattern of change in trend, with a consistent upward movement characterized by traditional higher highs and higher lows. Compared to the previous movement dynamics, it now exhibits bullish behavior. Basis of Analysis: 1. EMA Support Seeking (35 EMA):** The stock is finding support at the 35 EMA, indicating a significant level for the...