What is Rounding Bottom Pattern?
Round bottom can be identified when the price changes graphically form the shape of a "U" on charts. It is also called a saucer bottom pattern. It shows potential reversal in price movements. It shows a very slow and gradual turn from down to sideways to up. The longer it stays the longer the more possibility it gives for...
Taking the Weekly Time Frame it is making a Round Bottom Chart Pattern from July 2015 onwards and broke below 1220 range.
On the Daily Time frame its making an ascending Parallel Channel Pattern from October 2020 onwards and mostly keeping within the Trendlines.
On a 60 Minute time frame it has reached the upper Trendline on 17 Jun 2021 and has started...
Indiabulls Real Est has formed a round-bottom pattern and has been inside this pattern for almost 3 years. Seems to have good buying pressure, waiting for break out.
Educational purpose only- trade at your own risk.