Its forming a Round Bottom chart Pattern on the Weekly Time Frame
Rounding bottom pattern and daily breakout. go long until price is above breakout level.
📌 Levels are mentioned on chart for ❝Swing trading❞. The stock has shown good volumes along with the Rounding Bottom BO . 📌 Genus Power Infrastructures Limited, an ISO 9001 & 14001 certified company is an integral part of the US $400 million Kailash Group. Genus has two business divisions offering highly innovative and sustainable solutions to the power...
Rain industries has formed a perfect textbook rounding bottom formation. This looks like a reversal . Not only price but volume has also supported with rounding formation. The history of the chart says that when this stock comes in momentum the rally extends. If it retests its level it would be a perfect buying opportunity. That being said stocks sometimes don't...
Hi guys ... As shown in the chart IGL has formed both Flag and pole + Rounding Bottom Pattern and it looks good only above 578- 580 Targets can be the 100% of the depth of the rounding bottom pattern and Target 2 will be 100% of the length of the pole .. -- Things to remember --- Breakout should be done with Good volumes --- Once breakout done .. it can...
Crompton breakout after forming a rounding bottom pattern in the daily timeframe. Looks good for positional at this level. SL below the breakout area or previous swing.
The stock broke out of a 3yr rounding bottom on very high volume. Subsequently it came back to test the breakout zone, made a double bottom and consolidated for 8 weeks. Now it seems to have broken out of the consolidation, and looks ready to fly. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle /...
The stock made a bottom on low volume and then started its run up on increasing volumes. Gave a clean volume breakout and returned to test the breakout level. And look at the magnitude of the volume bar on a bounce back from BO level. Looks very strong. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO...
buy zone 3100- 3200 target- 3500- 3750-3900 time- mid term accumlation near to end ready for blast
MOIL has given successful rounding bottom pattern breakout with increasing volumes. My view will bullish for 2-3 months with targets and stop-loss placed in chart. Please do your own research before taking any trades. I am not a market/investment advisor. I do this for my own and share for learning purposes.
Ajanta pharma Rounding bottom breakout. Need to hold above 2100 on clb weekly candle.
After forming a bottom for 4 years, the stock rose on volume, and it is seeing a significant volume activity near the rounding bottom breakout level. Already consolidated for a couple of weeks. Made a bullish engulfing candle this week. Can breakout anytime soon. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly...
NSE: MARUTI Maruti seems to be super bullish. We have both an inverted Head and shoulders pattern as well as a round bottom pattern. A breakout may give us a very clear bullish movement. Don't miss out on this train Educational purpose only - trade at your own risk. Good luck.
Rounding bottom formation weekly charts. Ascending Triangle BO on daily chart. MA crossover. Increasing Volume. For educational purpose. Trade at your on risk.
In the daily chart, rounding bottom with a breakout at 223 levels has been formed with huge vol. 1st target will be 246-250 based on the weekly chart. And put SL on the current daily candle bottom.
Ascending Triangle, Rectangle & Rounding Bottom breakout on Daily Chart of FED MOGUL GOETZE. BUY CMP/355.10 -> 390, 400, 420, 440-450. SL/Support 315-25, 300, 283-85, 278. Double Top at 354 and reversed from 351 on 11th of June. Another Double Top at 465. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
TCS has closed above strong resistance and at ATH level. Also made a multiple rounding bottom pattern as well. Respected 0.382 and 0.618 retracement after previous rally and now has bounced back to close above ATH. Looks good for swing and positional long. Keep a watch on this.
NSE:RELIANCE Reliance ready to break around 40 weeks accumulation zone,at resistance level 2367 if breaks out above this level and sustain then it ll bullish for coming months..RSI is also around 60 and forming rounding bottom pattern which bullish continuous patter in weekly timeframe. its for eduacation n analysis purpose only..its my personal view so dont...