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.
Roundingbottom
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 .
BAJAJ-AUTO - Forming roundbottomNSE:BAJAJ_AUTO
Round bottom formation in Bajaj Auto
Target - 4200
Target 2 - 4800
SL - 3680
Shipping Corp. of India - 10yr BO retest w/ 7mth 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: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Rounding bottom breakout in Shipping CP - Daily and WeeklyLooking at the size of the breakout candle and the volume in it, this is a no brainer. Current levels could a be a good entry point, also if a retest happens, thats also and scaling opportinity.
With the stop loss below the entry today's candle, look for 1:2 reward.
Kindly note that this is not a recommendation.
LEMONTREE - Breakout from RoundbottomNSE:LEMONTREE
LEMONTREE - Breakout from Round bottom
Target - 56
SL - 45
HEMIPROP - Round bottomNSE:HEMIPROP
HEMIPROP - Round bottom Formation
Risky entry now for Target of 190.
Natural Gas Sharp Fall Expected - Long Term AnalysisSharp Fall is Expected in Natural Gas. As it has taken resistance at rising trend line on Weekly Charts.
Historically NG forms Rounding bottom formation and now it completed its cycle.
see charts for detailed analysis about the forecast.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON NRAIL.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
PATELENG PATELENG (W):- CMP 28.85 looking good for 60/70++ (Multiyear Rounding bottom Pattern Bo.) Keep Track :)
VALIANTORG VALIANTORG (D):- CMP 1593 looking good for 1800++ (Rounding bottom Pattern Bo.) Keep Track :)
