IRCTCNSE:IRCTC
IRCTC is a very good fundamental company, after all the drama irctc is now on the 832.
stock is now on the support level and it can go up to the 1000 level,
794 is a very good support level for irctc
Roundingbottom
CAMS NSE:CAMS CAMS is very good fundamental company,
And now it is available at a discounted price of 3017.
in the daily time frame, it is making rounding bottom pattern,
right now stock is at the bottom, one can add this stock to its portfolio for short-term target of 3950
BURGER KINGBurger King NSE:BURGERKING is now at the bottom of the rounding pattern,
it will complete the rounding pattern,
one can add this stock in their portfolio for the short-term targets of 187
NSE:SUNTV LongNSE:SUNTV
#SUNTV Broken 2 yrs long resistance and trading high above the new support.
Good above 612.
Post momentum confirmation may try 610 CE with new support level as SL.
Happy Trading !!
Orient Cement - 4yr rounding Bottom
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note:
The breakout levels are derived from the weekly line chart which is respected much more by smart money.
DISCLAIMER:
I reserve the right to be wrong.
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NMDC - Multiple CONFIRMATIONSNMDC Current STRUCTURE- Rounding Bottom Breakout + RETEST
MULTIPLE CONFIRMATIONS :-
* Volume Expansion - Volumes since the last three months have been huge and continuously expanding
* RSI bullish Divergence- NMDC is forming flat bottoms whereas RSI is forming Lower Highs which is contradicting hence we listen to what RSI is doing and this is an early signal of a reversal that can be expected really soon!
* At The Golden Fib Zone b/w 0.618 & 0.5- We plot Fibonacci retracement and we see it is currently at a golden zone between 0.618 and 0.5 fib levels. We can take an entry when 0.5 gets broken by bullish candle or above 158
* Bullish Engulfing- At the second flat bottom it formed a bearish candle followed by a big bullish candle which indicates the previous candle was engulfed completely and hence it is a reversal candlestick pattern!
Comment your views/queries and thanks for reading!
HAPPY TRADING :)
Multi year breakout with good volume accumulationCMP: 188.60, T1 248, T2: 292
Study:
1. Rounding bottom pattern breakout
2. Good volume accumulation
Rounding bottom breakout pattern Learning. Educational purposeThis is a chart of indiamart, here i am sharing to learn some logics of rounding bottom along with reasons, targets and stop loss.
Here price has formed rounding bottom, and now it has given breakout along with good intensity of volume at same breakout candle, with supporting views by rsi above 60 at breakout, along with macd running positive crossover and now above zero line.
if price retest the neckline of rounding bottom and rises again then probabilities of win are increased. here stop loss should be bottom of rounding pattern and targets should be double of total depth of rounding bottom to neckline, so our risk rewards ratio would be at least 1:2
price challenging upper bollinger band
supporting indicators
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Jindal Steel Hisar - Rounding bottomNSE:JSLHISAR
Rounding bottom formation with breakout at 238 level.
Target - 430
Stop Loss - 290
Ideal Entry - 300.
JSL - Rounding Bottom NSE:JSL
JSL - Rounding Bottom formation with breakout a retest.
Target - 230
Stop Loss - 160
Nifty Daily AnalysisNifty has broken the descending trendline and completed the rounding bottom pattern. Now waiting for price to cross resistance of 18320 once cleared then Nifty can go 18455 & 18600, On the downside support is 18200 zone.
Nifty Daily Analysis | Rounding Bottom Nifty forming rounding bottom near the major support level, if the price action completes the pattern then we can see nifty to continue its uptrend. However there's a descending trendline which is working as a resistance therefore this trendline has to be cleared to complete the rounding bottom. Support for nifty is 18050 - 18000 & nearest resistance is the trendline and major resistance is 18314.
EQUITAS Rounding Bottomit has formed rounding bottom and now trading at near breakout level.
if it close above 135 level on weekly basis. it opens up 200 level for higher time frame.
KOTAK Mahindra Bank - Rounding bottom BreakoutNSE:KOTAKBANK
Rounding bottom Breakout in KOTAK BANK in Weekly chart.
Expect a Move of 300 Point to 2400 - 2500 Levels.
Disclaimer : Its not a Recommendation.
IRB - Forming Rounded-bottom pattern NSE:IRB
IRB - Forming Rounded-bottom pattern
Short term - Target - 276
Long Term on breakout above 290 - Target of 400+
Disclaimer : Its not a Recommendation.
NSE:TECHM LongNSE:TECHM
#TECHM formed Rounding bottom and broken the resistance with good volume and sustained above 1530 level
Above 1550 sustainability will give good momentum one can try the same level CE post confirmation.
Have a Happy trading !!
JINDALSTEEL Positional Long1. Breakout- Retest- Upmove
2. Took support at 50 EMA on Weekly timeframe.
One can look for positional opportunity with SL below 50 EMA.
rounding patternAs uh are watching price action is ready to breakout either breakdown.
i m on bullish on this stock .
HBL Power - 4mth Rounding Bottom BO w/volume
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note:
The breakout levels are derived from the weekly line chart which is respected much more by smart money.
DISCLAIMER:
I reserve the right to be wrong.
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Triveni Engg - How to read weekly bars
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note:
The breakout levels are derived from the weekly line chart which is respected much more by smart money.
DISCLAIMER:
I reserve the right to be wrong.
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NLC India - Rounding bottom formationNSE:NLCINDIA
Round Bottom formation in Weekly and Daily charts with a Short term to medium term bullish
Target 1 - 96
Target 2 - 116-120
SL - 50
Disclaimer - Its not a recommendation.
Big Breakout Jamuna Auto stock is making higher high + break out after 2018.
target 1 - 120
target 2 - 135
target 3- 168..
Keep an eye out for GMR INFRA!Round Bottom Breakout possible!
Buy above 37.25
T1 of 43 (short term)
T2 of 53 (long term)
SL of 33 or asp per your risk appetite
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together .
