Gujrat Gas has broken the major resistance zone today also it has come out of Rounding Bottom formation. Its really a great cndidate to go long on. Entry :- 490 (Take it asap trade active.) SL - 459 Target:- 573 R:R :- 2.69 Target should be achieved within 2-3 months.
NSE:FORTIS #NSE:FORTIS formed beautiful rounding bottom and given Resistance BO and the level retested, fair chances to move up with decent volumes. SL 280, Target Open. Our friends got this level @ 248 and now trading @ 298 !!
Great Consolidation Can be seen in rounding bottom after uptrend. increasing volumes, shows further upmove on cards
NSE:POWERMECH #NSE:POWERMECH formed beautiful rounding bottom and trading @ Major Resistance. Sustainability with volume support may show very good momentum for short to medium. Levels marked on chart. You can reach me in any possible way for your doubts on this chart.
Grasim Industries looks like a Rounding bottom on the daily chart and the weekend close is also looking good. If the price sustains above 1533, It will move higher.
NSE:IDFC #NSE:IDFC formed beautiful rounding bottom. levels marked on chart for easy understanding. Do not enter unless you are not familiar with Support or SL.
Good consolidation after rounding bottom breakout Higher top bottom trend is intact Green volumes are bigger
Rounding bottom formation on STEELCITY daily and weekly charts, forming a cup and handle pattern. Keep track on volumes brekout for trade confirmation.
What 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...
NSE:INDUSINDBK #INDUSINDBK formed beautiful rounding bottom and stock trading @ key resistance level. Post breakout sustainability can give good bullishmomentum. Chances for Slight pull back. Don’t enter without knowing the support.
Rounding bottom breakout on Daily chart Positional buy Target- 10000
GNFC - has formed round bottom formation and consolidating in a symmetrical triangle pattern close to all time high. breakout can give very good move
NSE:MARATHON Bullish for Short-Medium term CMP= 217 RSi =76 (hence may show some correction) Round Bottom pattern under build up on Weekly chart TGT 1=252 but may go to 300 and above level in the upcoming month Stop loss can be near 170 level Huge delivery volumes are forming on on Bullish candle Fundamentally:- Not so good ROCE and Debt/equity. Good...
NSE:ADANIENT Adani Enterprises made rounding bottom pattern on daily charts.... For short-medium term it can move towards 2600-2800 Place stop loss below 2380.. Not a buying recommendation, Only for education purpose.
I am seeing this in the NSE:NIFTY cash Daily timeframe. Are you guys seeing the same? Or I am hallucinating (at 10:30 PM night J ) Observations : 3 rounding bottoms formed in an uptrend. There is a clear ascending triangle Now the interesting part is: if we take 20th June as the starting of the wave, then it is aligning perfectly to A, B, C, D...
Formed rounding bottom pattern on 4H time Frame If Nifty Sustains above 16067, one can enter for along trade Targets- 16280, 16374
Makkale check Bluedart chart pattern and it breakout from rounding bottom pattern. Take decision as per your view.
MRF LTD seems like a Rounding bottom. It's Bullish pattern and also minor trend moving in rising wedge pattern. So, Its more probability to reach Tgt 76000.