Probable rounding bottom TP 1 & TP 2 both are lucrative compare to risk 1:7 RR trade probable set up
Downtrend channel was broken up. Price is testing the new support. Good time to open a long position. SL below the previous green candle, triggers if a red daily candle closes under it. On the other hand we have a rounding bottom, not a big one but was enough to break out the channel.
The stock has made a rounding bottom for a while, it has given a breakout from the neckline now positioning itself ready for a good upside with a favorable risk-to-reward ratio. Entry - Between 5370-5375 Stop Loss - Below 5145 Target - 5900
The rounded bottom was formed since February 2022. The price attempted to break the downtrend line but was pushed towards the support. I don't think all this trouble with forming a rounded bottom for 18 months will go away so quickly. I think I will try again and break that trend line starting in May 2021. It will be a long haul, but if you jump in now you...
Price has been accumulating for 3 months under an important resistance. It could break out at any moment, has been poking it several times. I just opened a long position, TP around the 15 level, use limit orders for TP this is a high volatile stock, For SL wait for a red daily candle to close for the same reason, price can drop but it also could bounce back up...
Very nice rounding bottom. Super volatile stock so give it a wide SL and wait until the weekly candle closes to trigger it. Price has been consolidating since Jan 2022, it tried to break out on June this year and I think is goin to try again. Use limit order for TP.
Round bottom formation since Feb. 2022. Great accumulation, it could take a few more weeks to break out but price is sitting on the support at this moment, picking up strength.
With a bit long time frame in mind say about 2 years this stock can easily double from here, as in rounding bottom pattern breakout, there is a probability of 9/10, it working and reaching the targets. Therefore, your only problem is the ability to hold the stock for long term. also, the financials of the company are pretty good.
As we can see after a 4-month breakout with a bullish candlestick pattern RSI 64.26 towards an upward direction HV 26 let's retrace as per shown on the chart whereas, on 15 min chart, you'll see a shooting star and an evening star which indicates slide retracement so plan accordingly. enty and exit levels 2080 sl 2020 to 2000 (2.80%) taget 2230 (8%) RR...
NSE:RHIM is forming a rounding bottom and is near its resistance line. Watchout for the breakout of same. Long positions can be taken only after closing of candle above Neckline.
NSE: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...
FSR 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...
2023 = Recovery Year For Tech Stock ( Come Watch How This Recovery Being Explained ) Nas100 - Highest Rst 16590 Supp 10674 How to view the guidance via chart ( Refer back to pin message guidance if to trade ) Red Line = Support Blue Line = Resistance Light Blue = bullish/bearish pattern Arrow = Double/Trip top/bottom Red Chip = $$ Green Chip = XX
NKLA 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. ...
Stay long above 85 in Genus Power Infra. Clear Rounding Bottom pattern breakout above 85 in daily time frame . Target 140
Company: 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. ...
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...
as you can see its a swing trade with a min. of 1:2, to possibly 1:4 risk to reward ratio.