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Mayank Kumar

17th Aug · SEBI-Registered Analyst

The rounding bottom pattern, also known as a saucer bottom, is a bullish reversal chart pattern that typically forms after a prolonged downtrend and signals a gradual shift from selling to buying pressure. It appears as a "U" shape on the chart, showing a slow decline in price, followed by a period of consolidation and then a steady rise. This pattern reflects a transition in market sentiment, where bears lose control and bulls gradually gain strength. A breakout usually occurs when the price moves above the resistance level formed at the beginning of the pattern, often accompanied by increased volume, indicating a potential strong upward move. $WAAREEENER

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