HINDALCO ---UPDATE : 06/03/2023 -- ROUNDED BOTTOM BULLISH CHART PATTERN --DAILY CHART
1. This is reference to previous idea of HINDALCO -- , we can see rounded bottom cup formation of chart ,
2. correcttion from 480 sub level sub to 400 level downtrend form, and after support formation of 400 level curve seen upside level .
3. 415 form as support , stock...
In NSE:RADICO the Rounding bottom is in Formation. Long side can be taken after the breakout of neckline. The Price Objective for the same will be the Height of the rounding bottom to the neckline (If the pattern is completed). The stop loss for the same can be determined after the completion of pattern.
Will the pattern complete?
* It is my Analysis and not...
GNFC: CMP 485.95 - Weekly Chart = Bullish for Long Term
Perfect Rounding Bottom in GNFC Indicates Possible Breakout
Running Pattern : Rounding Bottom
Trend : Bullish
Important Support 451.00
Target : 505-518-525-547.50 ATH breakout 548.50.
CMP : 485.85
Buy@ 491 Stop loss 471.00
A nice rounded bottom pattern has been formed and had broken out the supply zone of 380 with a nice and big green candle and above average volume. RSI is little extended upwards, but when we see the past RSI value of this stock, overbought area of RSI is near 80 so it is ok that way. Aggresive entries can done at the close of the candle or above the high of the...
GMR INFRA -- DAILY CHART -- ANALYSIS
1. Bullish Rounded bottom formation at Daily chart
2. trendline breakout seen around 36.75 level recently which is bullish indicators
3. same pattern follows target can seen 40-44-48 as per chart setup
4. RSI Seen near 60 level currently 57.8 at closing above 60 will strongly bullish .
5, suppoort and resistance level...
Price movement has led to Rounded Bottom in the making. If the price faces temporary resistance at 2498.58 then it may change to Cup & Handle - Bullish
4 Year Long Rounding Bottom Pattern
If weekly price gives breaks out above 500 with high volume and confirm the same with closing of candle, then only one should enter into the stock.
Disclaimer: This is for Educational purpose only, you can observe and learn this trade strategy and build confidence in your decision making while looking to enter in a potential...
The following Chart shows Rounded bottom for Indusind Bank, also a Morning Start Candlestick pattern is formed on the weekly chart.
Other Indicators also indicate Upside Movement (RSI & MACD)
Recent Breakouts of Nifty Will also help push this stock price.
Tata Motors is forming a rounded bottom pattern attempting to breakout of a level respected over the last 3 years. It would be advisable to wait for the successful breakout and look to enter upon follow through.
#ABCAPITA has formed a Rounded bottom pattern. On breaking the pattern, it will be super bullish. Try buying during the pullback and enjoy the ride.
Only for educational purposes only - trade at your own risk.
Good luck.
