Roundingbottom
COSMO doing strong Breakout#cosmofilms
Has given strong breakout today.
Weekly close is good.
Completed Fib retracement and bounced from there.
Add till 1655.
#vr
ABCAPITAL:WEEKLYBUY: SUCCESSFUL RETEST # FINANCIALFOOTPRINTSA very smooth and curvy reversal of weekly trend.
A successful retest and breakout of previous high will give momentum to the stock.
MACD & RSI indicator is very positive.
Its above 20 & 50 MA.
I am very confident on this trade in a long run.
MCDOWELL Rounding Bottom + Ascending Triangle - Short Term TradeThe analysis is done on 15 minutes TF hence price may achieve targets in a day or take a few days.
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.
Rounding Bottom-Reversal in long-term price movementsBHEL, a midcap stock, technically formed an interesting price action. Looking at the monthly chart, you can see the rounding bottom. Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. If the price action were respectable, we could expect a multi-year break out. I'm hoping that any positive trigger from here will also ensure that the current range does not break. On the daily chart, there is a trend line. If that is broken with strength, it is good to add in to the long term portfolio.