Roundingbottom
Schneider Electric Will Breakout a Big Rounding Bottom PatternNSE:SCHNEIDER
Schneider Electric Will Breakout a Big Rounding Bottom Pattern Starting from mid 2017 - till now With high Volume attraction
Targets 1 - 162
Target 2 - 185
🍾🍾🍾 Time to celebrate 🍾🍾🍾 || VMARTNSE:VMART
Just posting the same post which I had posted on 20th July to celebrate, the way this stock moved and giving good profit to trader/ positional trader or who ever is holding it.
🍾🍾🍾🍾🍾🍾🍾
Below is the link of that post.
EVEREADY EVEREADY (D):- 372.4 CMP, Looks good for more upsides :)
1) Breakout Done :)
2) Volume Breakout
Phillips cabron, breakout awaitedSame as goa carbon, Phillips carbon is also readying for a breakout.
Rounding bottom pattern complete.
This pattern is being formed for 2 years.
So breakout move will be of good intensity.
Increased volumes when stock is consolidating at neckline of the rounding bottom.
BEL - Chart analysis - Near ATHBEL could show some momentum above 192 on DCB. Foring Pole & flag pattern near resistance and routing bottom in the weekly chart too.
Pricol Multi-year breakout on monthly chartPricol ready to break-out after the rounding bottom chart pattern created in a 3 years time frame. This breakout is considered as a bullish sign and we can expect some really good levels from here.
We should see 150 levels very soon here.
Fortis breakout after three rounding bottoms - Bulling pattern Fortis has given a breakout after a rounding bottom and broken the resistance from May 2017. This is a bullish pattern.
Please note, this is not a recommendation and only an analysis.
Maithan Alloys - 3.5yr Rounding Bottom BO RetestBUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. 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 and One year breakout on weekly chart in OSIAJEELets look at these levels closely. The stock has shown super momentum in last few months and is ready for the next part of the rally after the breakout from the current levels. I would recommend to wait for a retest before entering. My target would be around 70 with a strict stop loss of 37.
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.
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.
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.
EMAMIREAL, rounding bottom swing/positional opportunityHello traders,
EMAMIREAL made a beautiful rounding bottom breakout on weekly tf and is ready to run.
enter for positional at cmp for target 102, 135,175. sl below 74.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
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.
RPSG Ventures (RPSGVENT) - Monday Trade | 19th JulyStock has closed above minor resistance on Friday forming a bullish engulfing candle on daily supported by good volumes
Formation of rounding bottom can be seen on Weekly TF
Looks set to achieve 660 on Monday.
HINDALCO Rounding Bottom breakoutNSE:HINDALCO
On daily time chart, HINDALCO gave rounding bottom breakout.
Critical support is 398.
Upside Targets are mentioned on chart.
Southern PetrochemI believe it will race to its All Time High because the rounding bottom pattern looks quite clean.
Very less Overhead supply.
TATA STEEL: SLEEPING GIANT AWAKENEND.TATA STEEL(D): CMP LOOKS GOOD FOR SIGNIFICANT UPSIDE (1400 LEVELS).. 1) ROUNDING BOTTOM PATTERN 2) BULLISH MARKET STRUCTURE 3) POSITIVE MACD & RSI..
