IRB LOOKING BULLISHIRB(W): Looking bullish with rounding bottom & volume spike along with golden crossover on longer time frame. Can be bought at cmp 200-205 for targets of 330/350/400.
Roundingbottom
STEL FOR MINIMUM 25%TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
Gokul Agro resources rounding bottomGokul agro forms rounding bottom with tringle pattern BO, it may test 63 soon
HERO MOTOR CORPNSE:HEROMOTOCO is good fundamental company.
on a daily time frame stock is making rounding pattern, and taking very strong support from the 2640 level.
and also making double bottom at the downtrend
one can add this stock for short term target of 2951.
NSE:BIOCON Rounding BottomNSE:BIOCON
#BIOCON formed Rounding Bottom
Post sustainability confirmation one may try 370 CE
NHPC - Rounding bottom on Weekly chart NSE:NHPC
NHPC is forming a Rounding bottom on weekly chart.
Target of 15 Points 50% upside in 10 Months
Buy WELCORPAccording to chart anylasis its making cup with handle patterns with very good volume its good sign for bullish trande.
Buy @150 or above
Target : 165-180++ very soon !!
LAXMI ORGANICSNSE:LXCHEM is a good company from the chemical sector.
on daily time frame stock is making rounding pattern.
and taking strong support from the 404 level. and, it has made morning star at the bottom of the trend.
one can buy this stock for a short-term target of 563.
ORACLE FINANCIAL SEVICESNSE:OFSS is a very good fundamental company.
right now stock is making rounding patterns in a daily frame.
and taking strong support at 4399.
one can buy this stock for a short-term target of 4930.
POSITIONAL TRADING WITH STRONG STRUCTURES (BASF INDIA)There are many ways that one can trade in markets and make money but the best way one can make money from trading stocks is positional trading where one catches big moves with fewer efforts and time and it's not stressful as compared to intraday and swing trading.
So here I am sharing a Trade analysis of BASF INDIA which explains How you can combine price action, Market structures, and smart money concepts together to find the best high probability setups possible to trade.
Trade Analysis I have shared on charts
Hope you enjoy and learn something new from it👍
FOR MORE IDEAS PLEASE SUPPORT BY SHARING THE ANALYSIS AND DO FOLLOW AND LIKE. IF ANY DOUBT ARISES DO COMMENT DOWN BELOW I WOULD LOVE TO HELP YOU.
- Pranesh Sahoo
India Cements - Wait for 230 levelsRounding Bottom Structure in Place
Wait for the weekly close above 230
INTELLECT - Rounding bottomNSE:INTELLECT
INTELLECT - Rounding bottom
Target - 850+
T2 - 1200
SL - 620
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
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.
