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Roundingbottom

Ready for Next move Good Day , Hello Traders, Deepak Nitrate is giving a trendline on a Daily basis. Strength is coming from the bottom. Good candidate for the Portfolio, near term targets are 2377 / 2679 Chart Self explanatory. Time Frame : Daily. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:DEEPAKNTRLong
by Piscean17th
Rounding Bottom patternHey everyone! 👋 Today we are going to share a quick write-up about the “Rounding bottom” formation, along with a few examples that may help you solidify your understanding of this chart pattern. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of trading! The post will shed some light on the following topics: ➡ Basics and identification of the pattern ➡ Components ➡ Important aspects What is a Rounding bottom pattern? • A rounding bottom is a bullish reversal pattern that resembles the shape of the "U". • Rounding bottom pattern occur at the end of long downtrends and indicate a potential reversal. • The pattern is also referred to as a saucer bottom due to its resemblance to a saucer. • Although, the volume and price move in sync but in practice, this can vary widely. • When the price moves above the neckline, it indicates strength and suggests that the stock may begin a new uptrend. Components of a Cup and Handle pattern: A rounding bottom pattern can be divided into three main parts. • Decline • Formation of the base • Advance Important aspects: 1. Prior Trend: Since it is a bullish reversal pattern, the prior trend must be a downtrend. The low of a rounding bottom should ideally mark a new low or reaction low. The stock may trade sideways or flat for a long duration before the formation of the pattern. 2. Decline: The sell-off or decline that leads to the formation of the low, can take a variety of forms. Sometimes, the down move has many whipsaws while other times, the stock may just trade flat. 3. Low: In general, the pattern resembles a "U" shaped bottom. However, it can also resemble a "V" or a "W," but the low should not be too sharp. In addition to this, there is always a possibility of a new low due to a selling climax. 4. Advance: In general, the formation of the right half of the pattern should take about the same amount of time as the left half. This means that the up move off the lows should take about the same time as the down move. Moreover, the advance shouldn't be too sharp, or else there is a possibility of breakout failure. 5. Breakout: The pattern is confirmed once the price breaks and sustains above the neckline. The price may return to the neckline to test for the demand before continuing upwards. 6. Volume: In general, the volume levels should be ➡ High during the down move ➡ Low during the formation of the base ➡ Rising during the up move However, these are only guidelines and should not necessarily be taken at face value. 7. Target: Using the measurement objective, the target comes out to be equal to the depth of the base. It can be measured by calculating the distance between the bottom of the base and the neckline. 8. Stop-loss: Ideally, the stop loss is placed at the lowest point of the base. But if the price oscillated up and down a number of times near the neckline, the stop-loss can also be placed below the most recent swing low. Exhibit: Rounding bottom pattern with a failed breakout Thanks for reading! As we mentioned before, this isn't trading advice, but rather information about a tool that many traders use. Hope this was helpful! See you all next week. 🙂 – Team TradingView Feel free to check us out on Instagram and YouTube for more awesome content! 💘
Education
by TradingView
9
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
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_