
News Topical, Digital Desk : Gaba ji says that this pattern is not a matter of ups and downs of one week or four days. It should be seen from the perspective of 1-2 years or 3 years.
What is the 'Rounding Bottom Pattern'? It is a classical bullish reversal pattern, which indicates that the stock has completed the downward phase and can now gradually move into an uptrend. In this, the stock goes down in a bowl-like shape and then returns up at the same gradual speed.
Status of Yes Bank shares:- In the last few months, there has been gradual stability in the shares of Yes Bank. Now the interest of long term investors is increasing as compared to traders.
Advice for investors:- According to Prakash Gaba, investors who have a 3-year horizon can take advantage of this pattern. However, as always, it is important to consult your financial advisor before making any investment.
Read More: Stock of the day: Why did the shares of IEX and MCX rise so fast?
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