Ganesh Housing- Stock was trading dowside in last 8 years and now finally at near breakout on rounding bottom pattern if stock close above 165 then buy that with stop loss of 80 target 360-480 in next 2 years
Everything in chart. Target is depth of the pattern. Could keep SL around breakout area. RR is almost 5. Suggestions/opinions welcomed.
Everything 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...
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.