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Roundingpattern

#Network18 Mahurat Trading Positional mid cap Momentum Breakout'Flag pattern' breakout on daily charts in progress.Also the weekly charts show that a 2011 year started 'Rounding pattern' breakout in progress Momentum bullish on all timeframes.Bullish reverse divergence in play on daily.weekly The trend indicator ADX showing that the trend strength rising up on weekly timeframe.Volumes on weekly are above moving average and walking on Bollinger bands indicating bullishness This small cap media stock promotors includes reliance with big bull Rajesh Jhunjanwalla investment too. latest Financials shows debt reduction and current year turning profitability as well. This could be good swing or positional bet with rounding pattern neckline should be stop loss
NSE:NETWORK18Long
by seekedgetrade
Rounding bottom breakout pattern Learning. Educational purposeThis is a chart of indiamart, here i am sharing to learn some logics of rounding bottom along with reasons, targets and stop loss. Here price has formed rounding bottom, and now it has given breakout along with good intensity of volume at same breakout candle, with supporting views by rsi above 60 at breakout, along with macd running positive crossover and now above zero line. if price retest the neckline of rounding bottom and rises again then probabilities of win are increased. here stop loss should be bottom of rounding pattern and targets should be double of total depth of rounding bottom to neckline, so our risk rewards ratio would be at least 1:2 price challenging upper bollinger band supporting indicators Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
NSE:INDIAMARTEducation
by RK_Chaarts
#larsen&toubro trending up from rounding breakoutThe stock continue trending up well within a channel after the rounding pattern breakout many weeks back. Momentum and trend indicators are in bullish zones on all timeframes.Volumes are decent above 20 moving average. Have tight stops for short swing trades as there could be weekly bearish divergence that could pull it down. However the pattern could eventually retrace to form a cup and handle also for positional trades where breakout neckline could be stop loss
NSE:LTLong
by seekedgetrade
# HDFCBANK ON THE EDGE OF A POTENTIAL BREAK OUTHDFCBANK one of the largest constituents of the market index is at the edge of a potential big breakout if it works out. There is a rounding pattern formed and it already has cleared the previous 1641 resistance and is at all time high but just need a green candle close above for confirmation. The Fibonacci extension levels indicates 1800 levels possible even if 50% FIB levels are met. The trend indicators ADX is DMI + bull zones and strength of it seen rising on all timeframes short/medium/long. The price momentum also is clearly bullish all around.However put tight stops below neckline of the breakout zone below entry candle. If this breaks out really you could image where nifty /bank nifty could get to.
NSE:HDFCBANKLong
by seekedgetrade
#AXIS bank .potential breakout candidate on watchlistAXIS bank shows a potential breakout from a previous 2 year old resistance zone. Looks like it is forming inverse Head and should pattern on weekly timeframes with neckline same as the resistance zone with potential to break out upside If it worked out.Momentum and Trend indicators are showing bullishness on all timeframes now.Enter only on confirmation of breakout with a green candle close above and tight stop loss below entry candle.
NSE:AXISBANKLong
by seekedgetrade
2
Trading Patterns 101 - The Rounding Top patternWhat is a Rounding Top? • A rounding top is a chart pattern that graphically forms the shape of an "Inverted U". • Rounding Tops are found at the end of an uptrend trend and signify a reversal • It is also referred to as an inverted saucer. • Ideally, volume and price will move in tandem. Parts of a Rounding Top: A rounding Top chart can be divided into several main areas: • Advance • Consolidation • Decline Important aspects: 1. Prior Trend: There must be a prior uptrend before the formation of the top. The stock may trade flat before forming the pattern. 2. Advance: The first portion of the rounding top is the advance that leads to the high of the pattern. This rise can take on different forms: some are quite jagged with a number of reaction highs and lows, while others trade in a more linear fashion. 3. High: The high of the rounding top can resemble an “Inverted V” top, but should not be too sharp. Because prices are in an uptrend, the possibility of a buying climax and upthrust exists that could create a higher spike. 4. Decline: The decline from the highs forms the right half of the pattern and should take about the same amount of time as the prior advance. 5. Breakdown: Bearish confirmation comes when the pattern breaks down from the reaction lows and ultimately, the neckline. 6. Volume: In an ideal pattern, volume levels will track the shape of an inverted rounding top: high at the beginning of the advance, low at the end of the advance/consolidation, and rising during the decline. Example: Like always, if anyone is interested in getting a PDF version of this thread, then you can message me, I'll provide it. Happy learning. Cheers!
Education
by johntradingwick
11