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  • Notes Technical Analysis - 28

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    Sona Gavde
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    This document outlines criteria for identifying a "Rounding Bottom" pattern on a monthly chart which indicates a potential multibagger stock. The criteria includes a stock that was historically highly priced, has been in a shop fall and price consolidation for at least 2 years, and sees a breakout above the resistance from consolidation. The price targets are the historical high expected within 1 year of breakout, and 5 times the breakout level expected within 2 years of breakout.

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    Notes Technical Analysis -28

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    This document outlines criteria for identifying a "Rounding Bottom" pattern on a monthly chart which indicates a potential multibagger stock. The criteria includes a stock that was historically highly priced, has been in a shop fall and price consolidation for at least 2 years, and sees a breakout above the resistance from consolidation. The price targets are the historical high expected within 1 year of breakout, and 5 times the breakout level expected within 2 years of breakout.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    11 views1 page

    Notes Technical Analysis - 28

    Uploaded by

    Sona Gavde
    This document outlines criteria for identifying a "Rounding Bottom" pattern on a monthly chart which indicates a potential multibagger stock. The criteria includes a stock that was historically highly priced, has been in a shop fall and price consolidation for at least 2 years, and sees a breakout above the resistance from consolidation. The price targets are the historical high expected within 1 year of breakout, and 5 times the breakout level expected within 2 years of breakout.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    • Rounding Bottom:-

    Criteria
    - Historically highly priced.
    - Shop fall.
    - Consolidation for minimum 2 years.
    - Breakout above the resistance from consolidation.
    - This is a Multibagger pattern.
    - The study is to be done only on a monthly chart.

    Price Target: - 1st price target = Historical high expected to achieve within 1 year.
    2nd price target= 5 times of breakout level.
    Eg: - 250X5= 1250
    Expected to achieve in 2 years, from breakout.

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