Roundingbottom
DCM Shriram - Rounding BottomThis is strictly for personal & educational purpose, not a recommendation
POSITIONAL LONG IN BANKBARODA!!(DEC FUT)!!POSITIONAL LONG IN BANKBARODA
VIEW
-EARLY I HAVE MENTIONED IN MY OTHER POST THAT PSU ARE IN DEMAND
-STOCK IS BREAKING OUT OF ROUNDING BOTTOM AND INVERTED HEAD AND SHOULDER PATTERN
-FIRST IT WILL FIND RESISTANCE AT 200-DMA
-IF BREAKS WE ADD MORE
-IF FAILS WE BUY ON PULLACK TO 102-14 LEVELS FOR BIGGER TARGET
TRADE VIEW
DEC FUT
BUY@104.5
STOP@100
TARGET@110
LOT:4500
QTY:2
-THIS IS A MOMENTUM TRADE WE ARE WAITING FOR BREACH OF 200-DMA FOR POSITIONAL TRADE
Rounding bottom formation We can see it following a rounding bottom formation expect it for a futher bull run.
Yes Bank has Rounding bottom break outYes Bank was in bearish phase from past few months but is recovering from bearish phase and entering in bullish phase and shown the rounding bottom breakout @269
Now we can buy it for long term target that is at 402 within 6 months that will be near to 50% returns from hear. Place Stop loss at 246.
Rounding bottom formation ABCAPITALRounding bottom formation with increasing volume and long term trendline breakout
Buy Mahindra & MahindraMahindra & Mahindra is likely to rise tomorrow from 695 that is today's closing. Stock has taken support from 674 and closed at 684 on 5 th February and it is very likely to cross the 1st resistance of 700 if it crosses 700 then stock will be bullish tomorrow. I hope stock will respect rounding bottom pattern and will not breakup in between. If there is a breakup and stock closes below 686 then it can act as strong indcation of trend reversal. You can buy Mahindra & Mahindra at 690 Target at 730 and Stoploss at 670
ZEE ENT- Short term view-Bullish1.Ascending triangle breakout done
2.Pattern like a round bottom formed and breakout done.
3.Closing above 514,it may go further upto 523-528 range.
4.All Daily indicators showing bullish signal and Weekly indicators are turning to bullish from bearish.
Vijayaraghavan.K,
Kovilpatti.
HPH TRUST USD Stock HPH TRUST USD looks bullish carts forming rounding bottom like pattern.
stock can rise up to level 0.295.
Rounding Bottom Fresh Breakout in Axis BankRounding Bottom Fresh Breakout and Reversal from support. Safe buy will be above 670. Can be bought from here for targets of 750.
Marksans Pharmaceuticals Marksans Pharmaceuticals
Can exhibit a further up move or down move depending on further confirming price action at resistance line/ rounding bottom formation.
Fundamentally the stock is not in a bad position.
If price action breaks out in bullish manner, one can go long for medium to long term
TATAMOTORS Round bottom breakoutTATAMOTORS Round bottom breakout
Long above prev day hig
sl=prev day low
JAICORP Long - multiple reasons1. Round bottom breakout
2. Head and shoulder neckline breakout (Inverse)
Entry - 174 and above
Target - 224
Stop loss - 158
CENTURYTEX Outside bar at probable breakout zonesCENTURYTEX Outside bar at probable breakout zones
Long above 990
CBSL - 955
super spinning mills looks bullish in medium term to long termin monthly, round bottom pattern formed and breakout happened with high volume.
sl - 14, 1st tgt - 32, long term tgt - 47
bhusan steel looks bullish in med to long termIn monthly, it seems a complete elliott wave cycle is complete, and stock has bottomed out.
in weekly, we can see that, round bottom is forming and fresh impulse already started here.
round bottom pattern tgt
so with a sl - 54, 1st tgt - 95, 2nd tgt - 151, long term tgt - 500.
Virat CraneRounding bottom hinting towards a possible trend reversal. Buy above 50 SL 43(closing basis) T1:62 T2:70.
