Roundingbottom
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.
IFGL Refractors || Fundamentally backed || Udega Stock?Hi fellow trader,
I have marked all the points I have considered and can see accumulation volume in the trade. It is a high reward low risk trade if played well post the channel breakout.
Keep your charts and mind clean! Shoot any doubts if you have.
Regards,
Abhishek Singh
THIRUMALAI CHEMICALS - Retest1. Price formed Big Round Bottom pattern from Jan 2018 to Sep 2021
2. Stock rallied 40% after breakout from big round bottom pattern.
3. Price retraced to breakout zone and trading at support.
4. Also, price took support at EMA 20.
Good Opportunity for Swing trade with long setup - good R:R 2.7
Entry: 246-250
Target: 335
SL: 213 (Weekly Closing Basis)
Lovable Lingerie Near Monthly BO | 50%-90% UpsideNSE:LOVABLE
Current Price near Breakout Neckline on Monthly Chart.
If December 2021 Monthly Closing is above 210-212 zone then BO is confirmed.
Upside : 50% - 90%
Next Targets : 253 - 293 - 382
SL : 160
Monthly RSI > 60
Selling Pressure from 382 to 30 now over.