MFSLMFSL:- Rounding bottom pattern has been formed, breakout has also been given, keep your eye on the stock
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Roundingbottom
CGPOWERCGPOWER:- Stock has formed rounding bottom pattern, wait for breakout
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KRBL @ Stock was in down trend and made a low of 93 in March, 2020.
@ After making the low, stock was consolidating in a range from 170 to 340 since April, 2020.
@ Stock has given a breakout on monthly time frame and trading above 350.
@ The stock has also retested the level of 355 on 22/12/2022.
@ It may go up the level of 650 to complete the rounding bottom pattern.
@ CMP- 397, Stop Loss- 350, Target - 650.
Indian BankINDIANB:- Rounding pattern is formed and stock is moving in a small range from last 2 months, if it crosses 310 level then we may see upside movement, keep your eye on the stock
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Data Patterns (India) LimitedDATAPATTNS:- Rounding bottom pattern has been made, wait for proper breakout, then do some planning, keep your eye on the stock.
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BAJAJHLDNGBAJAJHLDNG:- Rounding bottom pattern is formed wait for the breakout till then keep your eye on the stock
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Sun Pharmaceutical Industries LimitedSUNPHARMA:- Rounding bottom pattern is formed wait for breakout, keep an eye on the stock.
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Kamat Hotels (I) Limited KAMATHOTEL:- Rounding bottom pattern has been formed, if the breakout sustains the upside, we may see upside movement.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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Axita Cotton Limited AXITA:- Rounding bottom pattern is formed wait for the breakout till then keep your eye on the stock
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reversal 1. 100 days rounding bottom with 376 points depth
2. small rounding bottom with contracting volatility at the resistance zone
3. volume spike on candles trying to breakout
4. 52 wk RS and 3 months RS going above zero
5. distorted head and shoulder in rounding bottom
trade plan
wait for candle close above resistance zone
Sunflag Iron And Steel Company LimitedSUNFLAG:- Rounding bottom pattern is formed, wait for breakout, till then keep your eye on the stock
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Larsen & Toubro Limited LT:- Do not plan anything on the rounding bottom pattern until the stock breakouts and sustains above. keep eye on it.
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Focus Lighting and Fixtures Limited FOCUS:- Rounding bottom is the pattern and has also given breakout, keep your eye on the stock
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Sutlej textiles - weekly cmp 62Buy range 55-61
Huge rounding bottom + Triangle consolidation.
Respecting 200 MA on weekly and just below 200 MA on daily.
On Breakout, Targets can be 69-75-91-93-105
-Promoter holding more than 60%
-low P/E (below industry average)
-Low P/B value.
SL - weekly closing below 50.
*Trail your profits.
This is just a view, trade on your own risk.
Suryalaxmi Cotton - Weekly - CMP 57Huge rounding bottom + Triangle consolidation.
Respecting 200 MA on weekly and just below 200 MA on daily.
Low Price to book value (undervalued)
On Breakout, Targets can be 66-71-78-91-99 .
Broader targets 112-123
SL - weekly closing below 50.
*Trail your profits.
This is just a view, trade on your own risk.
Jupiter Wagons LimitedJWL:- Rounding bottom pattern is formed in the stock, keep your eye on the stock
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Foods & Inns LimitedFOODSIN:- Stock has formed rounding bottom pattern on daily chart keep an eye on the stock
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Pressman Advertising LimitedPRESSMN:- Rounding bottom pattern formed, with good volumes, keep your eye on it
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PG Electroplast LimitedPGEL:- Rounding bottom pattern has formed, wait for the breakout on the hourly chart, till then keep an eye on the stock.
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Anand Rathi Wealth LimitedANANDRATHI:- The stock has given a breakout by forming a rounding bottom pattern, keep an eye
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Tainwala Chemical and Plastic LimitedTAINWALCHM:- Stock has formed rounding bottom pattern on weekly chart and stock is about to give breakout for whole 5 years keep watch.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.