Repeated Saucers Pattern in NRB Bearings

19 ธ.ค. 2020

* When a stock in which there is a large number of shares outstanding, and in which there is, at all times, a fairly active and “close” market emerges from a long-time Bottom, it will often make a long Major Advance in a series of “Saucers.” These successive patterns, each of which resembles, in both price and volume action, the Reversal Formation described in chart.as a Rounding Bottom, are slightly up tilted. That is, the rising end always carries price a little higher than the preceding Top at the beginning of the Saucer. The net gain accomplished by each Saucering movement will vary from stock to stock, but there seems to be a strong tendency for it to amount to about 10 to l5% of the price of the issue. The total reaction from the left hand lip of each Saucer to its Bottom level is usually a little greater, from20 to 30%. And the length (duration) of the Saucers is normally 5 to 7 weeks, rarely less than 3.

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19 ธ.ค. 2020

บันทึก

*This Stock is breakout with higher volume as shown in chart.
*Most important this is promoter buying 7.56 lakhs share on average price of 77.00 .That gives you more confident.
*All target and support level (act as stop loss closing basis) mentioned in the attached chart.