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)
Roundingbottom
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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MIRROR IMAGE? 🧐 PDMJEPAPER 📌 Only for Educational Purpose.
📌 This idea is part of the experiment to figure out if technical patterns work on fundamentally weak companies too. I'll trade it with a very tight stop loss.
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SBI Card: Rounding bottom in uptrendSBI cards: Online banking, plastic money and online shopping has very big business opportunity in emerging markets like India. Credit cards once were luxury, now a household name and need of the time. India's middle class is growing. Online shopping trend is supported by credit facility like EMIs of credit cards.
Technically, Mulitple patterns, CnH (not complete yet) and Rounding bottom. At support of uptrend. and reentering in channel makes it a favourable Risk reward candidate. Go long for a targets of 1100, 1200++ SL 1000. Time frame 2-3 Months.
(Disclaimer: Do your own analysis, I am not SEBI-registered.)
Pudumjee Paper - 3yr Rounding BottomThe stock shot up one day post earnings. We can see massive volume accumulation in the past 6-8months.
The whole sector is on an upmove. The company has very low debt and can multiply from here.
Moving along with sector.
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 20MA on Hourly chart (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.
Tata Coffee Rounding Bottom PatternHey everyone! I'm a neophyte in the world of Stock Market. This is my first post. If you think this analysis is absurd or has some mistakes please blow me up in the comments. What do you think is the target price here?
Suggestions are most welcome!
Rounding Bottom Pattern FormationCurrent Market Price : 28.80
Bullish above 30 Level closing about 1 day Minimum,
Target : 50, 70+
Stop Loss : 7.5 (1 day Minimum Closing Below this Level),
Time Frame : Within 1 Year roughly as per Technical Analysis Principles.
Logic behind this idea:
(1) Rounding Bottom formation on daily chart ,
(2) Price Volume confirmation.
Disclaimer
Risk is Yours and Reward is too yours totally. This idea is being posted here by me for educational purpose only.
Thank You.