Roundingbottom
Rising Star of Pharma Sector * This Stock trading near its major support area (0.618) FIbonaccci retracement level and made a rounding bottom pattern . All technical evidence gives a bullish sign .
Bullish rounding bottom breakout on weekly charts Buy SHREE PUSKAR 165, till 140 for target of 200/225 and 275. Bullish rounding bottom breakout with volumes. Sustaining above 200ema with whole sector buzzing
Bullish rounding bottom breakout on weekly charts BUY GNFC, 325, TILL 290 FOR TARGET OF 370/430. Exit below 270 on weekly closing basis. Sock closed above 200ema with bullish flag pattern breakout after making rounding bottom consolidation
Chart Pattern heated the Price* Pattern look likes Morning Tea and made a big rounding bottom pattern and breakout happened with high volume in weekly chart . All technical evidence gives a bullish sign for this stock .
Kindly Let us Know if you have any questions .
HCLTECH 1D DOUBLE BOTTOMFormerly formed rounding bottom + throwback and then double bottom (intermediate) shows signal of strength. The only confirmation, waiting for is volume expansion after all time high breakout. Nonetheless bullishness is apparent NSE:HCLTECH
ITC (Cup&Handle/RoundingBottom) TGT 320Rounding Bottom, Cup and Handle, Double Bottom all rolled into one chart on ITC (weekly basis).
The depth of the cup is around 80. That means it should go till 240+80=320 once the breakout is achieved.
Strategy: Buy levels:195-210 (due to recent Rs 5 Dividend). Hold till atleast 300. Time Frame:1-6 Months
(Only for illustration purposes. No buy/sell advice.)
BASF Rounding bottom patternBASF has formed a rounding bottom pattern in weekly TF. Need to close strong above 2300 level for further momentum in short to medium term.
midcap, midcap, midcapindex at all time high but stock are not. the line adjacent to base is sl and target can be 2013 or 2018 highs.
BEML- Breakout with various PatternBeml is trying break its resistance which it has tested multiple times.
Various pattern is attached for the reference.
Cup and handle Pattern:-
Inverse Head and Shoulder Pattern:-
One other pattern which is rounding bottom pattern:-
Above all this we can also look at volumes at current price which is rising which is indicating for further movement.
Keep an eye folks fingers crossed. Happy Trading.
Sunpharma - Positional View , Long Term investment ( 40 % gain )Fundamentals :
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- The whistle blower case got settled down
- Stock was on 3 years consolidation
- Now it's on the same resistance level of 654 after 2018
- Chances are very high for Break Out
Technicals :
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- Rounding bottom formation in the weekly chart
- Bullish candlestick pattern ( Morning Star ).
- if it crossed the resistance level of 655. Then by the end of 2021, it may hit the target of 940
- RSI > 60
- Bollinger Band challenged
- MACD +ve cross over
- above 50 EMA
- ADX strength is Bullish
BUY
resistance line break based buy
above 355-54
range narrowing - ascending triangle
2 rounding patterns
disclaimer - trade @ own risk
break pre-covid high?bombay dyeing made rounding bottom pattern and broke out and reached pre covid highs and is consolidating for few weeks now, if it breaks now can do the magics beautifully like its peers! also same is happening on monthly charts which can be useful to study!!!
#HAPPSTMNDS BO on daily chart above 376 levels#HAPPSTMNDS BO on daily chart above 376 levels
Details in chart.
