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Roundingbottom

SAIL-DAILY/WEEKLY/MONTHLY-BreakoutNSE:SAIL Stock is near verge of breakout 90-91 level. It has formed a rounding bottom near support levels. As per the weekly chart it is creating higher lows from past few weeks. Currently there is a inside candle formed in weekly timeframe. However, it needs 3 more days to get confirmed how it will appear. I still believe that the stock is bullish above 87-86 levels. If it goes for retest, it will be good opportunity to accumulate some qty around 88.50. We can keep SL around 85, it has potential to go upside T- 100, T2- 110. This is only for educational purpose, please manage your risk accordingly.
NSE:SAILLong
by Rushikesh_09
FSR rounded bottom reversal patternFSR on the one hour chart completed a trend down from Wed June 23 to Tues June 27 and appears to have reversed. FSR has gained about 12% in 3 days on the bounce. The following are signs of bullish momentum: 1. Price is supported by an ascending linear regression line with a period of 50 2. The MACD lines crossed over the horizontal zero line on Tuesday, June 27th. This is a zero lag setup. 3. The RSI strength crossed over 50 the following day. 4. Price crossed over the volume profile's POC line on Wednesday, June 28 showing gaining bullish momentum 5. Price crossed over the mean VWAP anchored to the beginning of the prior downtrend on June 29th another confirmation of bullish momentum. Overall, FSR appears to be well setup for a swing long trade which I will take.
FLong
by AwesomeAvani
8
NKLA round bottom reversalNKLA has reversed a trend down in the past week as it clear concerns with potentially being delisted with NASDAQ. The symmetry in the trends is shown with an arc overlaid. This brings to mind a cup and handle pattern in progress. It seems likely the NKLA will have a bullish continuation from the good news of stability of its NASDAQ listing. Potential buyers on the sidelines may take positions and generate momentum. I will trade a long trade early in this upcoming shortened trading week. The longer-term anchored VWAP provides support as so just under that will be the stop loss. The first target is 1.70 which was a resistance level a few weeks ago.
NASDAQ:NKLALong
by AwesomeAvani
3
Hyundai Mobis - Rounding BottomCompany: Hyundai Mobis Ticker: 012330 Exchange: Korea Exchange (KRX) Index: KOSPI 100 Region: South Korea Introduction: Greetings to all. In today's technical analysis, we're focusing on Hyundai Mobis, a constituent of the KOSPI 100. The company's weekly chart reveals a compelling potential long position setup, featuring a clear rounding bottom pattern. Rounding Bottom Pattern: The rounding bottom pattern is a long-term reversal pattern that is typically bullish. It signifies a gradual transition from a bearish trend to a bullish one. Analysis: Hyundai Mobis had been in a clear downward trend, as evidenced by the blue diagonal resistance line. A beautiful rounding bottom pattern has since formed during the consolidation phase. The horizontal neckline of this pattern is at 231500 KRW, coinciding almost exactly with the position of the EMA 200, underscoring the significance of this resistance level. Should we witness a breakout above this defined zone, it could signal an opportune moment to initiate a long position. The price target, assuming a successful breakout, would be set at 273000 KRW, corresponding to a potential price increase of approximately 18%. Please note, it's crucial to wait for a weekly candle to close above this resistance before entering this position. At present, Hyundai Mobis should be considered a high-priority watchlist candidate. Conclusion: The weekly chart of Hyundai Mobis presents an appealing scenario, with a rounding bottom pattern potentially indicating a bullish reversal. A breakout above the well-defined resistance could provide an opportunity for a long position. As always, please bear in mind that this analysis does not constitute financial advice. Conduct your own research and implement risk management strategies when investing. If you found this analysis insightful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
KRX:012330
by KarimSubhieh
LONG TERM - VIRTUOSO looks Good !Classic Cup and Handle Pattern. Virtuoso Optoelectro is involved in the business activities of Manufacture of domestic appliances. Company’s Total Operating Revenue is Rs. 200.17 Cr. and Equity Capital is Rs. 14.98 Cr. for the Year ended 31/03/2022. Incorporated in 2015, Virtuoso Optoelectronics Limited manufactures consumer durable goods, assembles a wide array of products, and provides end-to-end product solutions. The company's current product portfolio of consumer goods includes (i) Split Air Conditioners; (ii) Water Heaters; (iii) LED Lighting products; and (iv) other miscellaneous products such as injection molding components for air conditioners. Virtuoso Optoelectronics Limited serves under both original equipment manufacturer ("OEM") and original design manufacturer ("ODM") business models. Cons : High Debt As of June 2022, co. has a debt of 72 Crs which is 2.5 times more than its FY22 operating profit.
BSE:VOEPLLong
by CannySunny
RRGB - Great price action so far (buy the next dip)RRGB has the hallmarks of a stock that could potentially be a great winner. It broke out of it's base formation on 1st March on earnings beat with a strong breakaway gap (Breakaway gaps signify the beginning of a new trend and does not get filled in the near term). It then proceeded higher over the next few days before pulling back to the breakup level @ 10.60 on 14 Mar, and then bounced right off again from there. This classic "break up and retest" establishes the neckline as the new "resistence turned support". If one had been watching this stock, going long shortly after this "retest" would have been ideal. However, since it is likely the trend is still in early stage, any near term dip (eg to fib retracement levels of 38-50%, or formation of bull pennant or flag etc) would still be a good opportunity to long. Let's see if the opportunity presents soon. 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:RRGBLong
by Juliac