Roundingbottom
DRREDDY 4H, DRREDDDY LABS - Dropped from the price and came back to the Original price it has given a breakout with a good volume and came out of its consolidation zone ,currently it is near its 52 week high.A good upmove is intact in DRREDDY LABS. Looking a good stock to participate in Bull rally in coming days.
UPL LTD. rounding bottom pattern !1) As per analysis, chart formed rounding bottom pattern, which indicates bullish momentum.
2) 1 Year trend line break out
Possible targets as per Fibonacci are:
1) 600
2) 630
3) 700
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Comment Down Below
Educational Purpose Only.
Prediction for upcoming sessionDear Traders, as you can clearly see that is makin simple ROUNDING BOTTOM PATTERN in reverse side.
But main thing we should notice here green line area is as DANGER ZONE don't trade and wait for right time.
Decision Zone 35100-34400
Upper target. 35755
Lower Target. 33719
This analysis done by me only for educational purpose. Feel free to share your feedback.
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My last predictions are is going to fire 🔥🔥🔥
Now check that below.
Sterlite Technologies Rounding BottomSterlite Technologies: A key player in Fibre optic cables, 5G Wired and wieless network solutions. It has manufacturing facilities in India, Italy, China and Brazil, and one data Centre design facility in the UK.
Technically, it has formed a rounding bottom, which is bullish pattern on weekly chart. Sustainable move above 240 is a good buying opportunity with Stoploss at 190 on daily closing basis. Targets 270, 300 350++ View is for long term.
(Disclaimer: Spend more time on learning chart, don’t follow blindly. I am not SEBI registered)
ACE Breakout ! Looks bullish.NSE:ACE
CMP-Rs. 195
Expectation -Rs.345
I will buy on pullback and if takes support on the previous resistance.
Technical
ACE Bullish on Daily and Weekly Chart.
Breakout of a major resistance.
Rounding bottom Pattern.
Fundamental
Best ever yearly result.
Construction sector in focus.
I would appreciate your thoughts on it.
PS. - I am not SEBI registered. This is for analysis and educational purpose only.
I would appreciate your thoughts on it.
Likely to break monthly resistance and go for a huge bull runTatacoffee broke a major weekly trendline with good volumes. Now it is heading to break a monthly resistance which is at 183 levels. The stock also formed a rounding bottom pattern.
If the stock closes above 184 on weekly chart that is by breaking rounding bottom pattern and monthly resistance then we can expect a huge bull rally with 120 points as profit/ share.
Adani Power Rounding Bottom Break Out : Multi baggerAdani Power Made a Rounding bottom breakout today.
Generally these type of patterns may yield 3-5 times returns in short term period.
Let's first aim for Double targets - that is length of the rounding bottom....
For Example, Happiest Minds which we provided earlier.
KM sugar Mills Prime Minister Narendra Modi on Saturday said the target of 20% ethanol blended petrol has been preponed by five years to 2025 and the government has identified 11 sectors that can leverage resources by recycling them through modern technology. This has lead to the increase in the price of Sugar stocks , PE ratio of the componat is 10.10 as compared to the sector PE 0f 34.53 , low promoter pledging this is fundamental analysis for short term .
For technical analysis stock is consolidating for almost 10 months and there is breakout , the stock is also forming round bottom , can expect tgt of 37.
Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites #copieddisclaimer
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