Gabriel - Rounding Bottom patternA Rounding Bottom (also called a Saucer Bottom) is a bullish reversal pattern, typically indicating that the price is moving from a downtrend to an uptrend.
Rounding Bottom Formation: This pattern often forms over a long period and suggests that after a sustained decline, the asset is gradually transitioning into an uptrend. The price action forms a smooth, rounded curve, rather than a sharp, angular reversal.
Neckline Breakout: The "neckline" is the resistance level that is typically drawn at the top of the rounding formation, where the price has repeatedly failed to move higher. A breakout above this level is a key signal that the trend may be shifting from bearish to bullish.
Price Target: We are expecting that if the neckline is broken, the price could cross 500 level (a psychological round number), which suggests you’re anticipating a significant upside move once the breakout is confirmed. This is consistent with the typical behavior of a rounding bottom pattern, where the potential price target is often calculated by measuring the distance from the bottom of the pattern to the neckline and then projecting that distance upwards from the breakout point.
Trade Details: I am waiting for confirmation of the breakout before providing more details about the trade, including entry points, stop-loss levels, and exit strategy.
Roundingbottombreakout
Retesting Major Levels UTI AMCNSE:UTIAMC after giving a rounding bottom breakout on weekly charts is now retesting breakout levels. Keep in Radar.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Multiyear Rounding Bottom Breakout RetestingNSE:LUPIN is currently retesting Multiyear breakout, it can also form a cup and handle pattern if it comes down near accumulation and then breakouts on the upperside. 2140 Will Key level on the Upside to break, and 1720 - 1900 will be a good accumulation zone. Keep on Watch.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
A year-long rounding bottom pattern on M_MFINThe key for traders is to watch for a confirmed breakout of the rounding bottom, ideally with high volume. If no immediate breakout happens and a pullback occurs, traders should stay alert for the formation of a cup and handle, which could signal an even stronger continuation of the bullish trend.
Both outcomes—whether a breakout or the formation of a cup and handle—are bullish signals, but understanding the pattern fully can help traders position themselves more effectively.
VAISHALI - Rounding Bottom Breakout on Daily ChartVaishali Pharma gave good rounding bottom pattern breakout on daily chart. This stock is from pharma sector and the pharma sector is currently in good momentum. It has potential to give 20% to 30% return in 4 to 5 weeks. So keep watch on this stock. The target level provided are based on Fibonacci retracement levels which is ₹223 ( 1.33 retracement level) as 1st target, ₹245 ( 1.66 retracement level) as 2nd target and ₹272 ( 2 retracement level) as 3rd target
DIVISLAB - Rounding Bottom BreakoutDIVISLAB has given a good breakout of rounding bottom pattern on weekly chart. The breakout candle on daily chart looks very bullish as it is supported by massive one day trading volume.
We can expect 30 to 50% return in 4 to 6 months.
In this case the target will be depth of rounding bottom pattern which means we can expect ₹8000 levels in few months.
🔊 DIVISLAB - Rounding Bottom Breakout
⌛Duration - Short Term (4 month to 6 month)
📊📈 Trade Logic - Rounding Bottom Breakout
CMP - ₹5426
Time Frame - Weekly
🎯Target 1 : ₹6300
🎯Target 2 : ₹7100
🎯Target 3 : ₹8025
🛑 Stop : ₹4375
🏆 Risk/Reward Ratio (1: 2.4)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
UTIAMC - Rounding Bottom BreakoutUTIAMC has given a long term breakout of 3 years long rounding bottom pattern. Breakout volume is also significant. If it sustain above breakout level, then we can see a good momentum in short term and can expect below level in coming months.
🔊 UTIAMC - UTI ASSET MNGMT CO LTD
⌛Duration - Short Term (6 month to 8 month)
📊📈 Trade Logic - Rounding Bottom Breakout
CMP - ₹1263.70
Time Frame - Weekly
🎯Target 1 : ₹1425
🎯Target 2 : ₹1600
🎯Target 3 : ₹1850
🛑 Stop : ₹1000
🏆 Risk/Reward Ratio (1: 2.5)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
LXCHEM - Rounding Bottom Formation🔊 LXCHEM - Rounding Bottom Formation
LXCHEM - Laxmi Organic Industries Ltd
⌛Duration - Short Term (4 month to 8 month)
📊📈 Trade Logic - Rounding Bottom Formation
CMP - ₹297.80
Time Frame - Weekly
🎯Target 1 : ₹380
🎯Target 2 : ₹425
🎯Target 3 : ₹470
🎯Target 4 : ₹540
🛑 Stop : ₹245
🏆 Risk/Reward Ratio (1: 4.5)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
GANDHAR - Rounding Bottom FormationGANDHAR - GANDHAR OIL REFINE IND LTD
Trade Type - Short Term (2 month to 4 month)
Trade Logic - Rounding Bottom Formation
CMP - 219.36
Time Frame - Daily
Target 1 : 235
Target 2 : 260
Target 3 : 280
Stop : 200
Risk/Reward Ratio (1: 3)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
KRSNAA - Rounding Bottom BreakoutKRSNAA - KRSNAA DIAGNOSTICS LTD
Trade Type - Long Term (1 year to 1.5 year)
Trade Logic - Rounding Bottom Breakout
CMP - 726.90
Time Frame - Weekly
Target 1 : 815
Target 2 : 940
Target 3 : 1100
Target 4 : 1300
Stop : 630
Risk/Reward Ratio (1: 3.8)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
KSCL - 3 Years Consolidation / 9 Years Downtrend BreakoutKaveri Seed Company Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (May, 2021) & in a downtrend since (April, 2015). Now It has given a Consolidation and Downtrend breakout & Closed above it's (May, 2021) High with good bullish momentum candle & with huge volume in weekly Time Frame.
3) The next resistance would be it's Life Time High (1075.50) .
5) Recommendation - Strong Buy
Suzlon : Breakout Candidate#Suzlon #VCP #Breakout #trendingstock
Suzlon :
>> Rounding Bottom Breakout + Retest Done
>> Small VCP Visible (Retest zone)
>> Trending Stock
>> Good Strength & Volumes
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Bajaj Consumer - Rounding PatternThe "Rounding Bottom" or "Saucer Bottom" chart pattern is a technical analysis indicator that can signal a potential bullish reversal in the price of a stock. When observed in Bajaj Consumer's stock chart, this pattern suggests that the stock may have reached its lowest point and is poised for an upward trend.
Key points to note that when bullish curve started, started with Morning star then bullish piercing and finally bullish engulfing. Lows of the bullish candle indicate that the market has bottomed out.
Key Characteristics:
Shape: The pattern resembles a "U" shape, indicating a gradual shift from a downtrend to an uptrend.
Duration: It typically forms over a longer period, often several weeks to months, reflecting a slow shift in market sentiment. Here it takes more a year
Volume: Volume tends to decrease at the bottom of the pattern and increases as the price begins to rise, confirming the potential reversal.
Implications for Bajaj Consumer:
Market Sentiment: The pattern reflects a shift from bearish to bullish sentiment among traders and investors.
Entry Point: Investors might consider entering a long position as the stock breaks out from the rounding bottom pattern, signaling the start of a potential uptrend.
Target Price: The expected target price after the breakout can often be estimated by measuring the depth of the rounding bottom and projecting it upward from the breakout point.
How to Trade:
If Bajaj Consumer's stock shows a rounding bottom with the lowest point at ₹200 and the breakout occurs at ₹260, the depth is ₹60. Hence, the target price could be around ₹320 (₹260 + ₹60).
Regards
Arvind Yadav, Cfa
Arvind Share Academy
VETO : Breakout Candidate#veto #swingtrading #patterntrading #roundingbottom #breakout
VETO : Veto Switch: weekly (1-3 months)
>> Breakout candidate
>> Rounding bottom
>> Good Strength & Volume buildup
>> low Risk High Reward trade
Swing Traders can lock profit at 10% and keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Jubilant Food : Positional call (1-3 months or more)#JUBLFOOD
>> Rounding Bottom Completed today
>> Rounding bottom breakout
>> not the best of Breakout's so can retrace and attempt to breakout again convincingly
>> Good Strength and Volumes
After more than 50% Correction Stock has made a good base and now looks good to hold Positionally, keep accumulating at every dips
Keep liking & sharing for more learnings, Keep Following @moneyfesttrading