bharat bijlee looks bullish in medium to long term.In monthly, it has formed a round bottom pattern, and breakout happened with high volume, now it is retesting the breakout level,
in weekly, it is bounced from trend line support and hidden bullish divergence is formed here,
also in daily, after a downtrend, trend line resistance broken with good volume and regular bullish divergence is formed also
with a sl - 700, 1st tgt - 1900, long term tgt - 3600
Roundingbottom
MMTC ROUNDING BOTTOM FORMATION ON THE GO. MMTC Has Currently made Multiple Top break out and if it crosses 107 and holds strong, It is a classical rounding bottom, and the stock has futuristic growth and possibly reach a target of 500+.
MMTC is tied up with paytm for the supply of gold and other precious metals.
Being a Public sector company, This is the Ultimatum time for MMTC.
Apollo Tyres 3 Bullish Patterns BonanzaEverything is in the chart.
T1 is given is height of the pole.
T2 is given as cup depth.
T3 is given as rounding bottom depth.
Could keep stop loss at cup and handle breakout level.
P.S : Wait for end of week confirmation on the breakout. Preferable if the breakout is with above average volumes.
Also look for positive signs on indicators like MACD and RSI. (basics are best).
Please leave your opinions/suggestions to improvise this trade.
Thanks.
NIIT Tech BreakoutYou could call it and Inverted H&S breakout or even a Rounding Bottom/Cup and Handle Breakout.
Target 1 is given as immediate resistance
Target 2 is given as height of the bottom to breakout / height of the head.
Trail SL once T1 is achieved.
R/R ratio looks great.
Let's make some money! Happy Trading.