Today the "Rounding bottom" pattern has failed decisively.
After a huge sell of 13% in Gland pharma (NSE) , it got into a combination of beautiful pattern of symmetrical triangle and rounding bottom pattern ,after a considerable side way movement , it suddenly breakout with good volumes , sustained and moved up but suddenly at a resistance level of 1921, it bounced back
decisively , converting a good uptrend into a quick downtrend, also the beautiful rounding pattern failed. Now the stock is 15% below it's previous day close. Let's see what happens tomorrow. Happy Trading friends.
decisively , converting a good uptrend into a quick downtrend, also the beautiful rounding pattern failed. Now the stock is 15% below it's previous day close. Let's see what happens tomorrow. Happy Trading friends.
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