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Roundingbottom

Indusind Bank Limited - Breakout Soon 📊 Script: INDUSINDBK (INDUSIND BANK LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY BANK / NIFTY500 / NIFTY 📊 Sector: Financial Services 📊 Industry: Banks / Private Sector Bank Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 Crossover in MACD . 📈 Already Crossover in Double Moving Averages. 📈 Volume is increasing along with price. 📈 Script is moving towards resistance level which is around 1240 if script is breaking its resistance level it may go up. 📈 Current RSI is around 73. 📈 One can go for Swing Trade only above 1240. BUY ONLY ABOVE 1240 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:INDUSINDBKLong
by radha_23
CAMS - Rounding bottom + Accumulation done - Swing/InvestmentThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:CAMSLong
by TradewithAditya
16 years high breakout in Royal Orchid Hotel16 years high as well as range breakout supported by Rounding bottom pattern breakout. If breakout candle it is supported by volume in weekly chart then it could be much more stronger. Stock has a potential to reach 440 level. All time high was 261, now that level is broken. For the further upside move stock has to close above 271 level with good candle and volume in a weekly chart. 235-250 Level must act as support now. Ideal Stop loss will be 210. This is just a view not a recommendation to trade. Do your own analysis before making any investment. Share your opinion in the comment section. NSE:ROHLTD
NSE:ROHLTDLong
by KaravaliTradingZone_Official
5
GOCOLORSTracking it since very long. There are two patterns which are visible on chart first one is cup and handle and secondly round bottom. I'm expecting it to give CNH breakout and and complete round bottom as it's target. Targets are marked. My SL will be 1100 DCB. Views personal. I Can go wrong. Not a trading recommendation. DYOR#stockmarketeducation #marketnews #share #trader #invest #financialfreedom #nseindia #sharebazar #technicalanalysis #mutualfunds #stockmarkets #forex #warrenbuffet #cryptocurrency #entrepreneur #zerodha #shares #ipo #startupindia #daytrader #investingtips #wealth #equity #bitcoin #bseindia #market #businessnews #mumbai #investors #daytrading
NSE:GOCOLORS
by prerna_2895_
Rounding Bottom PatternThe Rounding Bottom is a long-term reversal pattern that is best suited for weekly charts. It is also referred to as a saucer bottom, and represents a long consolidation period that turns from a bearish bias to a bullish bias. 1. Decline: The first portion of the rounding bottom is the decline that leads to the low of the pattern. 2. Low: The low of the rounding bottom can resemble a “V” or "U" bottom, but should not be too sharp and should take a few weeks to form. 3. Advance: The advance off of the lows forms the right half of the pattern and should take about the same amount of time as the prior decline. 4. Breakout: Bullish confirmation comes when the pattern breaks above the reaction high that marked the beginning of the decline at the start of the pattern. To trade this pattern look for the neckline that is marked on the chart. Once the price breaks through and a candle closes above the neckline, you can then enter the market with a buy order. 5. Volume: Volume levels are not too important on the decline, but there should be an increase in volume on the advance and preferably on the breakout. 6. Target: Add the height of the rounded bottom to the breakout point for an estimated upside target. 7. Stop Loss: The stop loss is placed below the neckline of the pattern.When the price trades below this point, there is less chance of this pattern’s functionality. It’s better to exit the market. The rounded bottom are reversal patterns which identify the completion of the trend and indicate a possible reversal point on price chart. The rounded bottom signals that the existing downtrend is about to finish and the possibility of an uptrend to commence. It resembles a clear “U” image.
NSE:AGARINDEducation
by MandeepSinghKohli
7
METROBRANDWhat Is a Rounding Bottom? A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem, where volume confirms the price action. How a Rounding Bottom Works A rounding bottom looks similar to the cup and handle pattern, but does not experience the temporary downward trend of the "handle" portion. The initial declining slope of a rounding bottom indicates an excess of supply, which forces the stock price down. The transfer to an upward trend occurs when buyers enter the market at a low price, which increases demand for the stock. Once the rounding bottom is complete, the stock breaks out and will continue in its new upward trend. The rounding bottom chart pattern is an indication of a positive market reversal, meaning investor expectations and momentum, otherwise known as sentiment, are gradually shifting from bearish to bullish. The rounding bottom chart pattern is also known as a saucer bottom given the visual resemblance and bowl-like appearance. The recovery period, much like the downturn, may take months or years to coalesce; thus, investors should be aware of the potentially lengthy patience necessary to realize a full recovery in stock price. #Watchlist #METROBRAND (D):-CMP 737.2 Looks Good For More Upsides :) #Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions. #StockToWatch
NSE:METROBRANDLong
by Charts_insiders
2