Stock is trading at all time high and formed a Price Action Pattern Rounding Bottom, wait for stock to give a strong Breakout. CMP : 678 Target : 757 Target 2: 853 Target 3 : 963 Stoploss : 639 This is not a buy or sell call, this analysis is shared for educational purpose.
Rounded Bottom Pattern in Metropolis! 50 EMA 100EMA Crossover! Golden Crossover 50 EMA and 200 EMA? METROPOLIS has made a Rounding Bottom Pattern in a Daily Timeframe. We can see the fluctuations in Volume, after the price reaches the bottom it diminished, and after the rally, it gained. The previous trend was a clear downtrend after this stock gained momentum...
Here's an exciting trade prospect in MMTC. A clear rounding bottom formation is evident on daily and weekly charts. The recent surge above the robust resistance at 42.05, coupled with substantial volumes, marks a notable breakthrough. Anticipate a possible retest after breakouts, keeping a close watch on closing prices. The setup remains valid as long as MMTC...
Bullish on Wipro for the long term coz: 1. Rounding Bottom Pattern in Weekly TF. 2. Crossing 200 dema 3. Breaking 10-month-old resistance 2nd time in a daily timeframe with an increase in volume and holding on 4. Trend: UP Trend in daily pattern; making HHs and HLs over daily TF trendline **BUY @ 417 **SL @ 395.75 **TGT 1 @ 610 **TGT2 @ 720 **Holding Period is...
Kalyan Jewellers- Very interesting and peculiar pattern. The rounding bottom happens since the beginning of its launch. Initially 60% RB target, next RB target is 30%, next RB target is 16%, next RB target is 8% achieved. now it should form a rounding bottom with the target of 4%. Lets watch how it goes. Nothing much to buy in it as it is gradually slowing down....
📈 Symbol: AMBER 📅 Timeframe: Daily 🎯 Entry: 2575 🎯 Targets: 3007,3406,3833 🛑 Stop-loss: Below 2444 Introduction: Greetings traders! Today, we're presenting a compelling trading opportunity based on a Rounding Bottom pattern breakout. Our selected stock is AMBER, and we're aiming for impressive price targets at 3007,3406 and 3833. Let's dive into the details of...
- Company is expected to give good quarter - Company has delivered good profit growth of 56.1% CAGR over last 5 years - Company has a good return on equity (ROE) track record: 3 Years ROE 25.2% - Annual Revenue rose 30.8%, in the last year to Rs 1,406.2 Crores. Its sector's average revenue growth for the last fiscal year was 17.1%. - Annual Net Profit rose 67.8%...
SOM DISTTLERIES making perfect rounding pattern on big timeframe. BUY, 80 till 60 for 95/125/150. Invalid below 55 on weekly closing below
A bullish Flag & Pole Breakout pattern activated on the 2 Hour chart of NSE:EQUITASBNK Equitas Small Fin Bank. One can create a fresh position in NSE:EQUITASBNK at 93 with a stop loss of Rs.89 for a target of Rs. 103. Exit the position if the stop loss triggered on DCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY...
The stock had been in downtrend since its listing. Had made Inverted Head & Shoulder Pattern after listing but was unable to sustain, however continued the downtrend forming rounding bottom pattern. Now, the stock has given 6month breakout. Even though earlier Inverted H&S pattern is invalid, I have shown intermediate targets based on the same. All levels shown...
The chart of Dabur India shows successful completion of rounding pattern (as explained in previous idea) and now forming Cup-Holder pattern within S/R zone. On breakout, the stock may reach the level of 680 which is the next technical target after rounding bottom pattern. This is not any buy/sell recommendation, just chart pattern based technical analysis.
SBICARD made rounding bottom pattern on daily charts with good volumes & its on the verge of breaking neckline of 875. Could be bought above neckline 875 with mentioned stoploss & target.
BHARATFORGE made rounding bottom on daily/hourly charts with good OI build up. Could be bought with mentioned stoploss & target.
A bullish Rounding Bottom Breakout pattern activated on the 4 Hour chart of Union Bank. One can create a fresh position in Union Bank at 79 with a stop loss of Rs. 74 for a target of Rs. 89. Exit the position if the stop loss triggered on DCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY WAITING FOR YOU COMMENTS ON THE...
HAL broke above 2 patterns on hourly charts:- 1) triangle pattern 2) rounding bottom pattern with decent oi build up. Could be bought with mentioned stoploss & target.
Kotakbank Fut made rounding bottom formation on an hourly chart with decent OI build up. Could be bought above neckline of 1886 with mentioned stoploss & target. Not to be missed breakout.
Shoppers stop has been in a bull run since 2020 and has given multibagger returns to its investors. The stock has beautifully consolidated and formed a rounding bottom pattern and is currently near its ATH. A weekly closing above 820 will push the stock to levels of 850,880+ However, there is always higher risk involved in stocks at ATH so trade accordingly. This...
1. Nifty is at ATH 2. Chart is in line with index, but yet to make new ATH 3. Risk to reward is great 4.1:20+ RR trade set up if able to ride the full trend with partials if not full