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Roundingbottom

Ador Welding - 4yr rounding bottomAfter 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 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.
ALong
by raavigeorgian
4
Trading Patterns 101 - The Rounding Bottom patternWhat Is a Rounding Bottom? • A rounding bottom is a chart pattern that graphically forms the shape of a "U". • Rounding bottoms are found at the end of extended downward trends and signify a reversal • It is also referred to as a saucer bottom • Ideally, volume and price will move in tandem. Parts of a Rounding Bottom: A rounding bottom chart can be divided into several main areas. • Decline • Consolidation • Advance Important aspects: 1. Prior Trend: In order to be a reversal pattern, there must be a prior trend to reverse. Ideally, the low of a rounding bottom will mark a new low or reaction low. The stock may trade flat before forming the pattern. 2. Decline: The first portion of the rounding bottom is the decline that leads to the low of the pattern. This decline can take on different forms: some are quite jagged with a number of reaction highs and lows, while others trade lower in a more linear fashion. 3. Low: The low of the rounding bottom can resemble a “V” bottom, but should not be too sharp. Because prices are in a long-term decline, the possibility of a selling climax exists that could create a lower spike. 4. Advance: The advance off of the lows forms the right half of the pattern and should take about the same amount of time as the prior decline. If the advance is too sharp, then the validity of a rounding bottom may be in question. 5. Breakout: Bullish confirmation comes when the pattern breaks above the reaction high that marked the beginning of the decline at the start of the pattern. 6. Volume: In an ideal pattern, volume levels will track the shape of the rounding bottom: high at the beginning of the decline, low at the end of the decline, and rising during the advance. Volume levels are not too important on the decline, but there should be an increase in volume on the advance and preferably on the breakout. Potential example: Like always, if anyone is interested in getting a PDF version of this thread, then you can message me, I'll provide it. Happy learning. Cheers!
NSE:RELIANCEEducation
by johntradingwick
103
Reliance Long after 2367 ...ready break above accumulation zone.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 trade on basis of it. consult your financial advisor before taking any trade.trade on your own risk.
NSE:RELIANCELong
by Stockeasy
[TWL] || Can expect a good up moveDisclaimer: Please take trades according to your risk appetite & analysis. This chart is by no means intended to be a recommendation. a) Price has been respecting a round support forming since 5 months. b) With such a strong rounding base, a good up move upon breakout can be expected. But currently price is trading in a channel. c) Today a strong candle has formed at support. Aggressive entries can be above today's high. For safer entries, I will wait for close above 62.2. Targets up to 83 with SL of 51.
NSE:TITAGARHLong
by Divergent_trader
DOLAT : Multi Year Breakout PotentialBullish Mode on : Dolat cmp 74.20, Target 1: 83.55, Target 2 : 118.35++++, Stop Loss : 60 ( One Day Close Base) Time Frame : 5 Months approximately as per Technical Analysis Principles Key Points: (1) Weekly Rounding Bottom patterns already formed and neckline is being broken, (2) CMP is on above all Resistance trend lines, (3) Selling Volumes absorbs and price closes above all selling big volumes on daily basis, (4) Fundamentally Heavy Strong, (5) Multi Year breakout potential, Symmetrical triangle above price is sustaining...ON Monthly, Weekly, Daily Basis ... Disclaimer : Risk is yours and Reward is too yours totally, I am presenting here my investment idea on basis of educational purpose only.
DLong
by Kuldeep_Share
10