asian paint what a breakout.!!!asian paint given volume breakout from rounding bottom pattern
and no look back through out the day...
falling crude too helped the stock to move up...
Roundingbottom
asian paint volume breakoutasianpaint rounding bottom and volume breakout
looking strong for 3075++ targets
Multi year breakout setup in VIP IndustriesWell, look at the volumes coming in the breakout candle and the body size of the candle. This is a clear breakout confirmation and now taking a little suport on the breakout levels.
This is a good long opportunity with a target to fill the complete range of the rounding bottom formed.
Kindly note that this is only my analysis and not a recommendation.
Tanfac - 3yr Rounding Bottom Breakout with massive volumeBroke out on the back of great results. Can be a multibagger from here.
BUY GUIDANCE:
Never buy before 3PM . 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.
GRAVITA WEEKLY - Mid Term Investing Setup , target 250+GRAVITA WEEKLY - Mid Term Investing Setup
Zig-Zag HH & HL (Trend Bullish)
Price is above 20EMA (Monthly, Weekly , Daily)
Entry near 207 BO level or 1% before Re-test level.
Do Remember - Nothing guaranteed & Nothing Overnight !!
Kingfa Sciences - 3yr Rounding BottomThe stock has come up with good results. Will likely see a breakout in the coming weeks.
BUY GUIDANCE:
Never buy before 3PM. 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.
To the moon ?Rounding bottom pattern has been formed
and price broked the 260 odd levels
decisively, if sustained can head
towards 500 mark.
#LARSEN&TOUBRO :Weekly Rounding & Daily double bottom breakout#LARSEN&TOUBRO.Rounding pattern breakout green close above neckline on weekly.On daily it is also forming a W double bottom patter
Which also has broken out.Bullish momentum on all timeframes.ADX also indicating trend is good.
Long entry with tight stop loss at pattern neckline is god trading idea.
BPL looking good for an upside of 43% from CMPHi Everyone,
BPL looks for an upside.It needs to sustain above 43.5. Next target which looks evident from here is 61.60 a whooping 42.66% returns as it forming a big round bottom on the weekly chart.
Trade Plan
-------------
CMP - 41.95
Entry : 43.5
Stop Loss : 35.95
Target : 61.60
Risk : 7.85 / 21.94%
Reward : 18.5 / 42.66%
R:R = 1: 2.35
RSI also giving strength
HOURLY : 67.80
DAILY : 62.17
WEEKLY : 72.44
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.
If you really like the analysis , please do comments, LIKE and Follow me
TIINDIA Rounding bottomGood results at weekend and now in way to form a curve.
target is in green.
like, follow, share to your Jethalal C. Gada ( GADA ELECTRONICS)
GABRIEL INDIA HAS FORMED A ROUNDING BOTTOMGABRIEL INDIA has a resistance at 133.90.
It has to break above this to go long for Target of 153.
Multi Year Breakout - Retesting Done - Ready For New LevelsPositional & Investment Pick !!
Ashish Kacholia holds 7.21% & Suresh Kumar Agarwal holds 4.89% stake in Shaily Engineering
POKARNA - Simple yet ReliableVery simple basic tried and tested strategy.
25-26% here is almost a certainty.
Positional Trade Setup | Bank of Baroda | 09-08-2021NSE:BANKBARODA
It has formed rounding bottom pattern on daily time frame. Breakout of it seems to be happen in coming days.
But I have mentioned safe trade levels on either side. Better to wait and let this levels break and then take trade.
Do comment your doubt or suggestion.
BASF - ATH Closing Stock has a tendency to form rounding bottom and give BO after consolidating for couple of weeks.
Once can see drying of volumes during consolidation phase
Risen from the golden Fibo level of 61.8% in May
Today stock has given ATH closing
Stock seems set to make another high in coming sessions, targetting 8-9% move
Bharatwire LongBharatwire Long
Perfect rounding bottom pattern
Wait for breakout because pattern can be turn to cup and handle pattern
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
JSW STEEL FORMING A ROUNDING BOTTOM CHART PATTERNAfter making an ATH of 773 it started to form a Rounding Bottom and is nearing the same Resistance Zone around 766-774.
Potential to retrace from here.
It has to break this resistance to see further upside.
BNB BNB rounding bottom pattern formation in 4h timeframe, there's breakout with nice volume indicating long.
Havells India: Rounding Bottom BreakoutHavells coming out of an extended downtrend with 3 month consolidation in a range forming Rounding Bottom.
RBL BANK MAKING AN INVERTED ROUNDING BOTTOM CHART PATTERNIts making the above chart pattern and may face a support zone around 177.
Keep a sharp lookout for a reversal in the near term.
Phillips Carbon - Positional - a mistake I corrected Sharing a mistake I made and how I corrected it.
On Weekly chart, I saw a nice rounding botton pattern and stock close to ATH with a BO candle of 26 July 2021. I also saw volume expansion on that day as well as expansion since the candle of 18 January 2021.
I went long at approx. 270.
Although RSI was above 60, what I failed to see was RSI High was flat. And price was making a high with flat RSI. That was my first mistake.
The second mistake was my decision was based on upward slope of MA line and entry price was roughly 25% away from 30 Weekly MA.
The third mistake I made was I have a rule where I add 20-25% corpus on BO with Volumes and slowly add the rest on retracement based on price action. In this case, I added 75% at one go. I also didn't see the Daily chart for entry. A lower timeframe is recommended as ideal for entry, so for someone like me who invests positionally basis Weekly charts, I should have taken cognizance of the price action on Daily.
We don't know what will happen in future. Nifty 50 is on steroids and maybe price will go up or it may retrace and form a cup and handle pattern which is a better confirmation in terms of probability.
At my entry price my risk was way too high to add 75% at one go (If I had added only 20-25% this would be a safe trade). And as investors and traders, we have to manage risk and protect capital.
You may wonder why did I do this? It was my mind that was excited and momentarily I saw a prominent site where the stock had made the day's high. I make a conscious effort to not follow the calls given by research agencies or stock news sites. There is a reason behind this- news comes later, charts inform us earlier.
I exited a part at cost and remain invested only 25% of my corpus for this stock. If stock retraces to the area of better Risk Reward zone, I will add more.
Disl: This is not an investment or trading buy / sell advice. The purpose of this is educational- to share knowledge and learn from the community members. Please consult your investment advisor for any investment related advice.
DMART: Rounding BottomWas going through this DMART chart and luckily enough got to analyse two bullish patterns in a single chart:-
1. Inverted Head and Shoulder
2. Rounded Bottom
If you look at the Inverted Head and Shoulder pattern it hit its target on the upside equal to the depth of the Head and then gave a break out completing the Rounding Bottom Pattern.
