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Roundingbottom

LOCO - TrendingLOCO's decline had been flattening out in the past few months and the 1st hint that the worst could be over was on 13 October when it gapped up 14% on huge volume. Not long later it went into a sideway consolidation for nearly 3 weeks before staging another strong break out of this consolidation last Friday on earnings beat. The stock is now above it's 200 day moving average, clearly the trend is up now. Any pullback or consolidation in the near term would be opportunity to stake, with initial stop loss just slightly below last Thursday's pivot low @ 9.65. Expect some pullbacks/consolidation as it test resistences on it's way up. Take partial profits and/or trail stops up at intervals. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:LOCOLong
by Juliac
Gearing Up Good Day, Hello Traders, Since Sept 2021 till April 2022 Blue Star stayed in an Upward Parallel Channel. After that the price wne t from 1211 to 856 (-28.64%). See how beautifully it is following Fibonacci Levels as the rounding bottom is completed Now the next targets lined up are 1381/ 1641. Time Frame: Weekly It also depends how market behaves, however the trend and the sentiment is bullish. Chart Self Explantory. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:BLUESTARCOLong
by Piscean17th
Doubler Candidate Good Day , Hello Traders, Results are great for Spandana Sphoorty.Looks like a doubler from here as it is showing momentum upside since bottom made on 20 June 2022. As per Fibo ratios first target which it will aim for is 655 to 660 Then,it requires consolidation and volume to aim for the next target 885. A big rounding bottom on the chart is already formed and it is a serious candidate for Doubler if one keeps in the portfolio for 1.5 years. Keep 510 as Stop Loss and aim for Targets - 656 / 880 /1197 /1370 Time Frame : 1 or 1.5 years. Chart Self Explantory. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:SPANDANALong
by Piscean17th
Mahindra CIE Automotive Ltd - Multi-year + Cup & handle Breakout📊 Script: MAHINDCIE (MAHINDRA CIE AUTOMOTIVE LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 / NIFTY SMALL CAP / NIFTY INFRASTRUCTURE 📊 Sector: Consumer Discretionary / Automobile and Auto Components 📊 Industry: Auto Components & Equipments Weekly Time Frame Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages also giving crossover . 📈 Volume is increasing along with price which is volume breakout. 📈 Script is giving breakout of Cup & Handle as mention is chart. 📈 On a daily Time Frame script is giving multiple resistance breakout as mention in 2nd chart and also rounding bottom breakout is there. 📈 Current RSI is around 73. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 317 🟢 Target 🎯🏆 - 352 ⚠️ Stoploss ☠️🚫 - 302 👉Strong fundamentals, Expensive valuation ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. 1Cheers!🥂
MLong
by radha_23
Zomato : Gearing up for 80 & 88. Possible 116 in the near future Good Day, Hello Traders, Zomato looks good from here on but it all will depend on the trend of the market as the festive season is coming up (Diwali), Sales will be up and this will reflect in the Price. Also it is coming out of as a breakout of a Big Trendline and sustaining above it succesfully. Made a big Rounding bottom It made a low at 38.10 (August)and trading now at 70.30 .Slowly it will achieve small target of 80 and 88. Possible target around 116 as it is the depth of the cup which is in the making. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:ZOMATOLong
by Piscean17th
1
PINS - potential golden cross?PINS has been forming a round bottom basing pattern for the past 6mths and is already starting to cross above it's 200 day moving average. There is a good chance that we could have a golden cross (ie 50d MA crossing above the 200d MA) in the near future and WHEN that happens, then a firmer uptrend could be underway. Meanwhile a retest of it's recent pivot low @ 22 (which is also its 50day MA) is still possible but likely not to breach this level. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:PINSLong
by Juliac
Short-Term Bullish Rounding BottomWhat 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. ------------- NFA/DYOR.
Long
by Mohamed3nan
6 month prediction on BTC bottom achieved #BITCOIN is at its bottom. (Actually right now it's losing momentum) I just wanted to post this quick message showing the chart. You're going to want to ZOOM WAY OUT on the daily till you can see prior to December 2021 where I entered a short position. Tomorrow afternoon I'm going to record a video discussing this move. How I predicted it 6 months ago. The formula for tge RSI that tells me the exit. How fibbonacci was placed to confirm the move. And the parts of my MASS EFFECT moving average that tell me: A) The BTC downtrend is over. B) What level did momentum get lost at C) what is the zone it needs to cross going back up, before you should buy again. If I were you, at this point, I would not short Bitcoin. Share this idea. I'd really like to go LIVE and discuss with you guys who may have questions on the spot.
Long
by CoffeeshopCrypto
1