Indusind Bank has been trending within a Parallel Channel right from June 2022 and taking support on the Bottom trendline multiple times. The Zone between 1560-1580 has been acting as a Resistance Zone from February 24. In the near term we can see that a Rounding Bottom is being formed. Entry can be taken above 1460 for a near Term Target of 1550. Do your due...
Alembic Ltd is into multiple businesses, pharma, real estate and power assets as well. A debt free company. A strong rounding bottom breakout with volumes. Looks good at 150-155 level Support zone is 110 Can reach 190-230-280 levels.
This is an idea of one of the most famous listed new age company, Zomato The stock had listed at 2x of issue price(around 70) and later on went to about 50% of issue price and now again standing at 2x of issue price. What an amazing rounding bottom pattern! This kind of breakouts are very powerful to give multibagger returns. Keep in watchlist. Best buy range is 125-130
#NDL #roundingbottom #patterntrading #chartpattern NDL : >> Initial position for 1-3 Months then keep building positions upto 1 Year >> Keep Buying on Every Dip Key Fundamentals : >> Piotroski score : 9 >> Low PE Stock >> Growing Fundamentals >> Keep eyes on 2-3 Quarter Results Key Technicals : >> Trending Setup >> Rounding Bottom Formation on Weekly charts >>...
Break out stock, Long Term target is 360, Daily/Weekly/Monthly RSI >60, Try to accumulate on dips.
IRFC has completed a round bottom formation and has broken and retested the Resistance turned Support Zone @ 189-196 on DTF. It has also given a breakout for a possible target of 270.
IFCI has completed a Round Bottom Pattern and is facing resistance @ 70-73. Once the level has been broken decisively we can look to enter afresh for the next target of 100.
### Rounding Bottom Pattern: 1. **Pattern Identification**: - The chart clearly shows a rounding bottom pattern, characterized by a long, gradual decline in price followed by a slow and steady rise, forming a "U" shape. - This pattern suggests a reversal of the prior downtrend and typically indicates a bullish reversal. ### Key Levels: 1. **Support and...
The stock has formed a rounding bottom and currently following the breakout and expected to follow the trend till the target given with Minor dips in between. RSI is above 70 showing strength.
ESSARSHPNG first clear to this stock is very risky but movements are very high significantly for swing trading . It made .... 6 month Rounding Bottom with high volume breakout .. thats main reason of my study for share you .i also try to technically stock good . I not talking about on Targets & Sl ... for MORE check in my Tv-id "...
Suzlon has created a double positive chart pattern 1. Flag Pattern - Breakout Done 2. Rounding Bottom - At Breakout area. Flag pattern has a pole of 40 points which make the target of 94 - It has already broken out from the Flag pattern. Rounding Bottom its almost there breakout is above 56. Once this is crossed it will start its journey towards 104...
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,...
look this already share click on link . done already 1st & 2nd target . but my study say is aging long movement show in this stock ... '"Rounding Bottom " pattern made break with high volume. no any other talking {trg+sl] on this stock its good stock. all information already share above link i share for everyone for MORE check in my Tv-id " ...
IEX has formed a bullish chart pattern called Rounding Bottom. A rounding bottom, also known as a saucer bottom, is a technical analysis pattern that signals a potential reversal from a bearish to a bullish trend. It is characterized by a gradual decline in price followed by a gradual rise, creating a shape resembling a "U." Here's a detailed guide on how to...
POLICY BAZAAR (1M TF) - MID TERM Trade Analysis given on 2nd June, 2024 Pattern: ROUNDING BOTTOM - Monthly Volume Buildup at Resistance - Done ✓ - Monthly Resistance Breakout - In Progress - Demand Zone Retest & Consolidation - In Progress Please Note: - The stock is about 14% away from the IPO Levels - Will look at a partial entry and then pyramid into if it...
RHI MAGNESITA INDIA (1D TF) - Swing Trade Analysis given on 17th May, 2024 Pattern: CUP & HANDLE - Volume Buildup at Resistance - Done ✓ - Daily Resistance Breakout - In Progress - Demand Zone Retest & Consolidation - In Progress - Focussing on the First Target Level for starters and will Trail the SL accordingly * Disclaimer
HUDCO is trying to complete a rounding bottom pattern. Volume is increasing in the stock. Above 102, we can expect big returns, even 150+. Stock has dividend yield of more than 4% and is a PSU company in housing finance. One can enter at CMP and add on dips till 75. SL is below 60 weekly closing basis. Idea shared for educational purposes.
Policybazar has formed a beautiful rounding bottom pattern and is now looking strong for a strong bullish trend. Stock belongs to new age startup category and investing has more risk associated compared to bluechip stocks. ATH breakouts are usually explosive and can be considered for quick swing trade as well.A similar pattern was observed in Zomato and stock has...