A rounding bottom pattern gets activated if we can get a daily close above 20000 in 
NIFTY .
Initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish rounding bottom Chart Pattern
Technical Indicator :- Positive MACD Crossover
NIFTY .Initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish rounding bottom Chart Pattern
Technical Indicator :- Positive MACD Crossover
Trade active
Breakout not done yetTrade active
We got our 1st close above 20000 but i will look for todays close also for more clarityTrade closed: stop reached
Stop Loss reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.