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Lambodhara Textile Rounding Bottom BreakoutLambodhara Textile Ltd. Analysis About the company... Lambodhara Textiles Ltd was founded in 1994 with a capacity of 3,024 spindles. Over the years the company has grown in size and currently has a capacity of 37,856 spindles, with 33,224 spindles producing fancy yarns. The mill is fully modernized with state of art technology and infrastructure. They produce yarns in a count range from 10s to 60s. They specialize in manufacturing slub yarns, multi count and multi twist yarns, siro yarns and neppy yarns. They produce yarns using Polyester, Polyester variants, Viscose, Modal, Excel and Flax as raw materials. Technical Analysis Rounding Bottom Breakout & Retest done at 120 Addition of volume At very good and strong numbers Setup Cmp 159.3 Buy upto 140 For targets 180 / 200 / 230 / 255 / 275 / 300+++ CBSL can be 130 Regards.. Keshav Jain.. 25/11/2023 Disclaimer & Risk Warning I am not sebi registered analyst. My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck! Sudden Spike in Volume...
NSE:LAMBODHARALong
by Harmonics4Life
NBCCNBCC my study points 1) M ,W , DAILY break-out 2) break-out with high volume spike 4) chart pattern rounding bottom 5) fundamentally strong stock 6) Company has reduced debt. 7) Company is almost debt free. 8) Company has been maintaining a healthy dividend payout of 44.4% holdings :-))) a) Promoters 62% b)FIIs & DIIs 14% c) Public 24% news :- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 16 Jan - Of work orders received by NBCC (India) Limited amounting Rs. 138.95 cr (approx.) .If You LIKE MY Idea …please…Boost its for motivation for study . for MORE check in my TradingView ID “Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts /calls , please consult your financial advisors. Thank you
NSE:NBCCLong
by asAMOLSUTAR
1
Nandan Denim (NDL) : (Positional Trading : upto 1 Year)#NDL #roundingbottom #patterntrading #chartpattern NDL : >> Initial position for 1-3 Months then keep building positions upto 1 Year >> Keep Buying on Every Dip Key Fundamentals : >> Piotroski score : 9 >> Low PE Stock >> Growing Fundamentals >> Keep eyes on 2-3 Quarter Results Key Technicals : >> Trending Setup >> Rounding Bottom Formation on Weekly charts >> Volumes Buiding up >> Good Strength in stock >> Massive Upside Potential Swing Traders can lock 10% profit & keep trailing Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NLong
by moneyfesttrading
Rounding Bottom Pattern noticed in Navkar Corp### Rounding Bottom Pattern: 1. **Pattern Identification**: - The chart clearly shows a rounding bottom pattern, characterized by a long, gradual decline in price followed by a slow and steady rise, forming a "U" shape. - This pattern suggests a reversal of the prior downtrend and typically indicates a bullish reversal. ### Key Levels: 1. **Support and Resistance**: - **Resistance Level**: Around 116 INR, which the price has recently tested and is attempting to break above. - **Support Level**: Previous support levels can be identified around 89.45 INR, which also aligns with a previous low. 2. **Trend Lines**: - The green trend lines form a rising channel, showing the long-term upward trend. - The price is currently near the upper boundary of this channel, indicating a potential breakout or a pullback. ### Volume Analysis: - Volume has increased during the latter part of the rounding bottom, especially as the price approaches the resistance level, confirming the pattern and suggesting that the breakout could be supported by strong buying interest. ### RSI (Relative Strength Index): - The RSI is at 60.68, suggesting bullish momentum. It is not yet in the overbought territory, indicating there might be more room for the price to rise. ### Price Projection: - Based on the rounding bottom pattern, if the price breaks above the 116 INR resistance level convincingly, the next target could be projected by measuring the depth of the rounding bottom from the lowest point (around 70 INR) to the resistance level (116 INR), which is 46 INR. - Adding this depth to the breakout point gives a target of approximately 162 INR (116 + 46). ### Conclusion: - **Current Price**: 113.16 INR. - **Pattern**: Rounding bottom, suggesting a bullish reversal. - **Resistance Breakout**: A break above 116 INR resistance, supported by strong volume, could lead to a significant upside. - **Volume and RSI**: Increased volume and a moderately bullish RSI support the potential breakout. ### Summary: The chart of Navkar Corporation shows a rounding bottom pattern, which is a strong bullish reversal signal. With the price currently testing the resistance level around 116 INR, a successful breakout could lead to a significant upside, with a target around 162 INR. The increased volume and positive RSI trend support this bullish outlook. However, it's important to watch for confirmation of the breakout and monitor any signs of reversal.
NSE:NAVKARCORPLong
by brijmohan_h
ESSARSHPNG [ very risky ]ESSARSHPNG first clear to this stock is very risky but movements are very high significantly for swing trading . It made .... 6 month Rounding Bottom with high volume breakout .. thats main reason of my study for share you .i also try to technically stock good . I not talking about on Targets & Sl ... for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY study ......Boost.🔥🔥🔥.. its . "Disclosure : I am not Sebi-registered ." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:ESSARSHPNGLong
by asAMOLSUTAR
Bajaj Consumer - Rounding PatternThe "Rounding Bottom" or "Saucer Bottom" chart pattern is a technical analysis indicator that can signal a potential bullish reversal in the price of a stock. When observed in Bajaj Consumer's stock chart, this pattern suggests that the stock may have reached its lowest point and is poised for an upward trend. Key points to note that when bullish curve started, started with Morning star then bullish piercing and finally bullish engulfing. Lows of the bullish candle indicate that the market has bottomed out. Key Characteristics: Shape: The pattern resembles a "U" shape, indicating a gradual shift from a downtrend to an uptrend. Duration: It typically forms over a longer period, often several weeks to months, reflecting a slow shift in market sentiment. Here it takes more a year Volume: Volume tends to decrease at the bottom of the pattern and increases as the price begins to rise, confirming the potential reversal. Implications for Bajaj Consumer: Market Sentiment: The pattern reflects a shift from bearish to bullish sentiment among traders and investors. Entry Point: Investors might consider entering a long position as the stock breaks out from the rounding bottom pattern, signaling the start of a potential uptrend. Target Price: The expected target price after the breakout can often be estimated by measuring the depth of the rounding bottom and projecting it upward from the breakout point. How to Trade: If Bajaj Consumer's stock shows a rounding bottom with the lowest point at ₹200 and the breakout occurs at ₹260, the depth is ₹60. Hence, the target price could be around ₹320 (₹260 + ₹60). Regards Arvind Yadav, Cfa Arvind Share Academy
NSE:BAJAJCONLong
by Arvind_Share_Academy
NATCOPHARM [ rounding bottom] look this already share click on link . done already 1st & 2nd target . but my study say is aging long movement show in this stock ... '"Rounding Bottom " pattern made break with high volume. no any other talking {trg+sl] on this stock its good stock. all information already share above link i share for everyone for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY study ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered ." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:NATCOPHARMLong
by asAMOLSUTAR
IEX Rounding Bottom PatternIEX has formed a bullish chart pattern called Rounding Bottom. A rounding bottom, also known as a saucer bottom, is a technical analysis pattern that signals a potential reversal from a bearish to a bullish trend. It is characterized by a gradual decline in price followed by a gradual rise, creating a shape resembling a "U." Here's a detailed guide on how to trade this pattern, inspired by principles often discussed in trading academies like Arvind Share Academy: Identifying a Rounding Bottom Formation Period: This pattern typically forms over a long period, ranging from several weeks to months. Here it takes approximately 2 years Volume Analysis: Volume usually decreases as the price declines and remains low during the bottoming process. As the price starts to rise, volume typically increases. Pattern Shape: The price action creates a U-shaped curve, indicating a gradual shift in sentiment from bearish to bullish. Trading Strategy for Rounding Bottom 1. Confirmation of the Pattern Wait for the price to break above the resistance level formed at the beginning of the rounding bottom. This breakout confirms the pattern. Increased volume on the breakout reinforces the validity of the pattern. 2. Entry Point 180 Enter the trade when the price closes above the resistance level on strong volume. Some traders may wait for a pullback to the breakout level to enter a trade for a better risk/reward ratio. 3. Setting Stop-Loss below 160 Place a stop-loss order below the lowest point of the rounding bottom to protect against false breakouts. Alternatively, a more conservative approach is to place the stop-loss below a recent support level after the breakout. 4. Profit Target 280 Measure the distance from the lowest point of the pattern to the resistance level. This distance can be projected upwards from the breakout point to estimate the potential price target. Some traders may use trailing stops to lock in profits as the price continues to move in their favor. 5. Monitoring Volume Continuously monitor volume to ensure it supports the price movement. Declining volume during the breakout or subsequent uptrend can signal weakening momentum. Thanks & Regards Arvind Yadav, Cfa Arvind Share Academy
NSE:IEXLong
by Arvind_Share_Academy
2
POLICY BAZAAR - MID TERM ANALYSIS - 2nd June #stocksPOLICY BAZAAR (1M TF) - MID TERM Trade Analysis given on 2nd June, 2024 Pattern: ROUNDING BOTTOM - Monthly Volume Buildup at Resistance - Done ✓ - Monthly Resistance Breakout - In Progress - Demand Zone Retest & Consolidation - In Progress Please Note: - The stock is about 14% away from the IPO Levels - Will look at a partial entry and then pyramid into if it moves in my direction - SL will be paramount since its a risky trade * Disclaimer
NSE:POLICYBZRLong
by TradeRyteStockz
Policybazar-A rounding bottom pattern of ATH breakoutPolicybazar has formed a beautiful rounding bottom pattern and is now looking strong for a strong bullish trend. Stock belongs to new age startup category and investing has more risk associated compared to bluechip stocks. ATH breakouts are usually explosive and can be considered for quick swing trade as well.A similar pattern was observed in Zomato and stock has given good returns since then. Idea is just my personal opinion and not a recommendation.
NSE:POLICYBZRLong
by chartistamey
ZOMATOZOMATO This make Rounding bottom pattern . with 52w high . for risky trader best for swing trading.its good stock for huge market capital but investors you look is good for swing trading becoz of FIIs holdings 54% stacks DIIs holding 16% Public holding 28% other 1% for short time . respect SL ... like me of discipline trader large multicap company . for MORE check in my TradingView ID If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:ZOMATOLong
by asAMOLSUTAR
2