Keystone Realtors (Rustomjee), BullishThe 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 on the
chart, are only for educational purpose, not any trade recommendation.
Roundingbottom
Dabur India, Bullish, Target 680The 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.
Bullish Rounding Bottom on Union BankA 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.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Shoppers stop consolidating near ATHShoppers 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 idea is shared for educational purposes only!
ROUNDING BOTTOM PATTERN - AXIS BANKStock gives breakout of Rounding Bottom on daily timeframe and price retested the resistance.
Now this stock has the higher chances of moving upwards.
CMP :973
Target : 1040
Stoploss : 947
This is not a buy or sell call, this analysis is shared for educational purpose.
DYCLDYCL:- Rounding bottom pattern is formed, if sustain at 225.50 level then you can buy some plans, it can also be a retesting, if cross 248 level you can add more quantity
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Bharat Petroleum, BullishThe stock has been in sustained downtrend since 2021, forming rounding bottom pattern.
The correction in the stock price after dividend payout got extended further upto 298 levels.
There is also small rounding bottom pattern inside the major one along with rising wedge
pattern which is likely to breakout soon. The levels are shown on the chart, for educational
purpose only and are not any trade recommendation.