Apollo Sindoori Hotels Ltd incorporated in 1998, is a small cap company engaged in the business of managing food outlets at hospitals and reputed organisations. The Company also undertakes Outdoor Catering Services, Skilled manpower to hospitals etc. It prepares over 45,000 meals everyday.
- Company's annual revenue growth of 78.55% outperformed its 3 year...
BUY - DEEP INDUSTRIES LTD
CMP - Rs. 166
Target - 1: Rs. 195
Target - 2: Rs. 230
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Technicals - Round Bottom Pattern BO
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This is just a view by an expert analyst, please trade at your own risk.
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Entry : 249-250
Target: 275/283
SL : 240.5 (closing basis)
Notes:
Stage 2 stock
Formed 9 week base
Breakout form base with good volumes
Retest with lower volumes
Completing round bottom on monthly chart
Entry range: 55.5 - 57
Target 1 : 67
Target 2 : 80
SL : 53.5 (Closing Basis)
-- Price forming round bottom after breaking out from the base
-- Clear increase in volumes near base breakout
DLinkindia comes out from consolidation zone and broke important rage above support
It retested level again and going up with volume indicates strong rally in near future.
MIRZAINT making Round Bottom , RSI is also 70, making higher highs and higher lows , huge volumes are also picked up .
#educationpurpose #notrecondemnation
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...
NSE: IBREALEST
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.
Good luck.
