A Rounding Bottom Formation has been formed on an hourly basis in the security.

A breakout of the pattern would be an opportunity to enter long in the stock.

The Price are trading above the Fast and Slow EMA indicating a positive trend as well as a cross over is the witness between fas t and slow EMA indicating a positive trend.

DMI+is trading above DMI - indicates a positive trend where as ADX trading above the DMI's indicates strength in the move.

Hence based upon the above observation a long position can be created above 135.15 stoploss 132 target 143.

Rounding Bottom

Jun 02 2023