RHIM: WATCHOUT FOR BREAKOUT OF ROUNDING BOTTOM

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RHI MAGNESITA INDIA LTD (NSE:RHIM)

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NSE:RHIM RHI MAGNESITA INDIA LTD

Chart Patterns Trend Analysis roundingbottom roundingbottombreakout rounding_bottom roundingpattern swingtrading positional

chartpattern trendanalysis roundingbottom roundingbottombreakout rounding_bottom roundingpattern swingtrading positional

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.

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