Mahindra & Mahindra has formed a bullish head and shoulder pattern along with rounding pattern, but the concern is that bullish pattern should formed in downside or downtrend. But here pattern formed in uptrend. Point to be noted that head is formed with morning star candlestick pattern. Entry on closing basis above 2000 SL below 1890 Target 2200 RRR...
1. Trend Bullish 2. Pattern - Rounding pattern 3. Breakout & Retest 4. RR is lucrative
1. Big rounding pattern 2. Based build up done 3. Trend is bullish 4. 1:5+ & 1:17+ RR trade set up
1. Breakout - Confirmed 2. Consolidation - 9 months 3. Base Building Range - 1240 to 2020 4. Target Profit Levels - 3200+ 5. Pattern - Rounding Pattern
1. Pattern: Rounding Pattern 2. Trend - Bullish 3. RR - 1:13+ 4. Breakout - confirmed
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...
1. Reversal pattern breakout 2. 14 months consolidation before breakout 3. 1: 7+ RR Trade set up
NSE:TV18BRDCST has completed a rounding bottom and given a breakout above the neckline. Long trades can only be taken after close of candle above the neckline. There is also a chance that it will form a handle and the pattern can be cup and handle pattern.
Rising momentum breaking out of a rounding pattern with bullish momentum & rising trend with high volumes could give reasonable risk reward for swing trading with close below stop loss at breakout neckline.
NSE:M_M is a good stock from the auto sector on a daily chart we can see the rounding pattern, so one can add this stock for the very short term target of 960
In NSE:RADICO the Rounding bottom is in Formation. Long side can be taken after the breakout of neckline. The Price Objective for the same will be the Height of the rounding bottom to the neckline (If the pattern is completed). The stop loss for the same can be determined after the completion of pattern. Will the pattern complete? * It is my Analysis and not...
Autosector as such is bullish.TVS motor showing a major breakout green bullish candle on weekly charts taking away a 2017 multi year resistance. Momentum & Trend indicator are bullish & rising n both daily and weekly charts.Keeping stop loss below neckline candle low & entry above alert candle high could give good risk reward swing trade opportunities.
*********** Pattern name: rounding bottom Target: 1830 Stop loss: 877 Chart time period: 255 weeks Total gain: 71% ***********
Chambal Fertiliser The stock seems to be breaking out of a resistance zone from a rounding pattern with decent volumes on weekly charts Momentum and trend in bullish is both short and medium term
#TCS Potential breakout towards channel top This IT sector stock has been moving in a weekly trendline channel and had done an wedge pattern breakout back in august Post which it had a pullback to channel bottom and now it seems to be heading back to channel to again by way of potential Breakout from a previous resistance zone.Positional entry above a...
#indiacements weekly rounding pattern breakout The stock seems to be breaking out big from the rounding pattern formed from a 2017year since resistance level With wide range weekly bullish candle. The momentum and trend is bullish along with decent volumes. enter could be further move above alert candle and alert candle low could be stop loss with a targets...
Aditya Birla fashion and retail is breaking out from trendline channel and a cup pattern. Great momentum and rising trend can be seen on short medium and long timeframes. Volumes are also good above moving average and given that several resistances taken out earlier week goes back To 5 years may be indicating this stock currently at all time high levels could give...
Bata is having a cup break out in progress since few weeks now. Stock at all time high price levels the momentum is bullish on all timeframes while trend indicators are bullish as well with strength seen rising on all timeframes.Weekly may be forming an unconfirmed momentum divergence need be cautious about. The stop loss below the breakout zone could be tried...