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Roundingbottom

What is Rounding Bottom Pattern? What is Rounding Bottom Pattern? Round bottom can be identified when the price changes graphically form the shape of a "U" on charts. It is also called a saucer bottom pattern. It shows potential reversal in price movements. It shows a very slow and gradual turn from down to sideways to up. The longer it stays the longer the more possibility it gives for reversal. How does Rounding Bottom Pattern Work? Rounding Bottom Pattern can be divided into three phases: 1. Declining Phase The decline phase indicates the excessive supply which leads to the price decline. 2. Sideways Phase After the excessive supply and price decline their is nor demand or supply. Which leads to sideways phase. Usually the prices in this phase will trade flat which means price movement will be very less here with the volume . 3. Recovering Phase Here in Recovering phase demand start to rise again. Due to excessive demand the price starts to recover. Above Chart Example: Here you can see the Bitcoin chart at 1 Day Time frame. It is forming the same Rounding Bottom Pattern. You can see the price price declining in the first phase of the pattern with good volumes. After that we can also see the sideways phase where the price did not move much. And finally last phase the prices start to recover again. Here traders can enter in long position after the prices breakout the resistance. Conclusion: Hence, Rounding Bottom Pattern is a rare long term reversal pattern to identify the end of a downtrend and the beginning of a potential uptrend. Disclaimer: This is just an educational post never trade just any pattern. And please do your research before taking any trades.
by Coinlog
Mangalam Cement - 3.5yr Rounding bottom The stock is showing exceptional momentum close to the long term breakout. Notice the Gap up in the latest weekly bar opening. 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) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better. 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.
NSE:MANGLMCEMLong
by raavigeorgian
2
Jubilant Ind - 4.5yr rounding bottom The stock seems to be stable in a volatile market while completing a 3mth rounding bottom. Once the volatility settles, this is likely to give a rocket move. Mcap ~ 500 Cr D/E ~ 0.2 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) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better. 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.
JLong
by raavigeorgian
HINDALCO | LEVELS AND TARGET | 20-07-2021NSE:HINDALCO Today HINDALCO Tested previous resistance of 396 level and that resistance turned in to support today. This 396 resistance range was breakout with big bullish candle on 15-07-2021. So this type of correction was expected. Tomorrow, 20-07-2021, if it sustain to trade and follow trendline then there will be up movement. It can face the first resistance at 400-403 range. Once this range broken then aggressive trader can took position till target of 407. For the safe trader it it better to take position after 407. Targets are mentioned on the chart. Below range of 392 it can give a safe short/sell trade. Let's see how price action works tomorrow. All the best for the trading tomorrow. Do comments if you have any doubt.
NSE:HINDALCOLong
by Trading_hawk
1
This is how you capture 14% in SCI👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins ✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows ✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts ✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. ✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock 👑 Important levels - explained well 👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
NSE:SCILong
by Averoy_Apoorv_Analysis
10
jsl at major resistancejsl has completed its round bottom formation for second time. round bottom formation is a reversal pattern in which the selling pressure is seen first at bottom levels bulls start gaining power and complete the curve. as you can see the curve to be completed and its at major resistance near 120. it has retraced twice from this level thus making it a physcological level. the price might see some correction forming a handle formation as in cup handle pattern. if the price crosses 120 from high volume the stock might see further upside but i oubt it as profit booking might start at this level
NSE:JSL
by faizi770