A rounding bottom is witnessed for the period of May’15 to Mar’17.
There’s no lackluster volume, volume is seen pretty high at some places during the rounding bottom.
, , CUP Pattern
, , CUP Pattern
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Bullish View
Bearish View
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Here the CUP has lot of volatile move during the base.. Reliance has cup pattern but the formation took almost 5 years. The rounding bottom range was between 800 – 1000 levels