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Bullish View On SGX NIFTY SGX NIFTY is Bullish From Today's Opening.SGX Nifty Need to Break @17400 And SGX NIFTY Needs To Break 1st August Day High @17450 If SGX NIFTY Breaks @17450 Then SGX NIFTY Turn Bullish Trend If SGX NIFTY Breaks Today's Low @17347 Then SGX NIFTY Will Turn Bearish Trend If SGX NIFTY Breaks @17340 Then SGX NIFTY Fall Upto @17250. SGX NIFTY First Support At @17310 Second Support At @17240....! Resistance SGX NIFTY Needs to Break@17450 Then It Will Raise Upto @17500-17600 In This Volatility Market And You Don't Take Positions For This Week. Disclaimer :- Please Keep Your Positions Little Because Volatility Is Very High So Please Avoid Trades in This Volatility Market. Hope You Understand My Opinion. This is for educational purpose only. If You Are Taking Any Position Consult Your Financial Advisor. Thank You
NSEIX:NIFTY1!Long
by Wealthcreation5
6
METROBRANDWhat Is a Rounding Bottom? A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem, where volume confirms the price action. How a Rounding Bottom Works A rounding bottom looks similar to the cup and handle pattern, but does not experience the temporary downward trend of the "handle" portion. The initial declining slope of a rounding bottom indicates an excess of supply, which forces the stock price down. The transfer to an upward trend occurs when buyers enter the market at a low price, which increases demand for the stock. Once the rounding bottom is complete, the stock breaks out and will continue in its new upward trend. The rounding bottom chart pattern is an indication of a positive market reversal, meaning investor expectations and momentum, otherwise known as sentiment, are gradually shifting from bearish to bullish. The rounding bottom chart pattern is also known as a saucer bottom given the visual resemblance and bowl-like appearance. The recovery period, much like the downturn, may take months or years to coalesce; thus, investors should be aware of the potentially lengthy patience necessary to realize a full recovery in stock price. #Watchlist #METROBRAND (D):-CMP 737.2 Looks Good For More Upsides :) #Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions. #StockToWatch
NSE:METROBRANDLong
by Charts_insiders
2