You 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.
Company makes Gelatin capsules and has a good clientele. PE - 16.51 ROE - 18.31% EV/EBITDA - 7.7 YoY profits last quarter - 12 % PEG : 0.45 Seems like a company with very good fundamentals at the point of inflection. Thoughts please?
ONGC has formed a rounding bottom with a flag. Notice the hidden divergence. Seems to be a good medium term buy.
Stock has broken out with huge volumes following spectacular result. A flag has been created. Let's wait and watch any upward move. A hidden bullish divergence has also been formed.