Asian Paint - Rounding Bottom PatternAsian Paint is about to complete the formation of Rounding Bottom.
Rounding Bottom pattern will activate only after the breakout of the Neckline - 3040 level
Rounding bottom chart pattern is a bullish reversal pattern which is formed at prior intermediate support level and hold this level from 2021.
Long trade will initiate only after the neckline breakout.
Stop Loss would be the prior swing low before breakout.
First target would be the depth of the bottom pattern, Calculate depth and add the depth from the neckline level
Roundingbottom
2 year rounding bottom breakout + retest in Dixon Tech.Background:
With a massive ~8x post covid rally, Stock gave highest closing of 5753 and entered a long consolidation beginning Oct'21.
Strong Breakout (With reasoning):
With 2 years of consolidation and making a rounding bottom, the stock finally broke out and closed at 5951 on 1 Dec 23 along with good volume buildup. Post breakout, it consolidated again making a high of 6670 (sign of a healthy breakout).
Now, with breakout of this range, dixon is ready for a massive rally of ~56% being the gap between the low of round bottom and resistance.
Entry, Stop Loss and Target (With rationale):
1) With the stop loss at 6300 (low of Breakout candle), first target comes at 7600 (Being 2:1 risk reward)
2) 2nd Target at 8500 (1.6 level of fibonacci)
3) 3rd one, 9300 final target.
BIRLACORPNBIRLACORPN
main point is rounding bottom with 52week breakout with high volume spike .
targets are opens but entry after retext . respect SL ... like goodness of discipline trader
large multicap company .
Good for long term but sales growth is poor .
Company has been maintaining a healthy dividend payout of 26.4%
holdings :-)))
a) Promoters 63%
b)FIIs & DIIs 23%
c) Public 14 %
Cement: 95%
Jute: 5%
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LATENTVIEW : Breakout Stock#LATENTVIEW #breakoutstock #patterntrading #swingtrade #roundingbottom
LATENTVIEW : Weekly (1-3 months)
>> Breakout Stock
>> Rounding Bottom formation
>> Good Strength & Decent Volumes
>> Risk Reward Favorable
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Subex : Breakout Candidate#subex #breakout #roundingbottom #patterntrading #swingtrade #trading
Subex : Weekly (1-3 Month)
>> Breakout Candiate
>> Volumes Building up
>> Good Strength in Stock
>> Low Risk High Reward Trade
Swing Traders Can lock profit at 10% and keep trailing
Disclaimer : Charts Shared for Learning Purpose and not a Trade Recommendation. Consult your Financial Advisor before taking position
ROUNDING BOTTOM BREAKOUT IN ZOMATOStock gave breakout of rounding bottom price action pattern and also recently company declared net profit of 36 Cr.
Entry - 123 to 125
Target - 165.55
Stoploss - 101.65
This is not a buy or sell call, analysis is shared for educational purpose.
NBCC- Rounding bottom patten construction going onNBCC is also similar to NCC wherein Rounding bottom pattern completion is almost over for 2x returns
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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NCC- Nagarjuna is Constructing a big CupNagarjuna Construction Company(NCC) is constructing a big cup for 2x returns. Once the resistance of 237 is broken, it will fly higher for the mentioned target.
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
RAMKY (example of rounding Bottom)Only good example of Rounding Bottom for make all time High . for I am late for finding that stock . I also try to best of technically study .
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Before taking any trade on our charts /calls , please consult your financial advisors. Thank you
Gateway Distriparks-An investment pick!Gateway distriparks is India’s leading Integrated Multimodal Logistics company.
As Make in India is growing, India needs experienced logistics provider and Gateway fits rightly in it.
Stock has recently given ATH breakout with a rounding bottom pattern.
Company has sales growth of over 55% in last 3 years.
We can expect big returns in the stock once the trendline breaks. Positional traders can enter with trendline as the target.
Chambal Fertilisers and Chemicals (Rounding Bottom Breakout)Chambal Fertilisers and Chemicals Ltd has given a rounding bottom breakout on the weekly chart, which can open gates for 408, 451, and 484 levels. Also increasing volumes are seen on the weekly chart. #CHAMBLFERT
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
Kabra Extrusion_Probable Reversal CandidateKabra Extrusion has been in uptrend last 2yrs & witnessed correction in Yr 2023, though overall sentiments are positive. Price has crossed both the trendlines, along with rounding bottom pattern formation and is near the important level, which if crossed, will open opportunities for higher levels.