India, Feb. 12 -- The Rounding Bottom pattern signals a gradual shift in momentum, as selling pressure eases and buying interest slowly builds, supporting a potential bullish reversal.

A rounding bottom forms a gentle U-shape after a downtrend, showing fading selling and rising buying pressure. Prices stabilize at the low before gradually rising. A breakout above the curve's neckline confirms a bullish reversal.

On Wednesday, Fortis Healthcare Ltd broke the neckline of a Rounding Bottom pattern on the 30-minute chart. A sustained move above Rs 916 level could drive further upside, while a drop below this level may weaken the bullish outlook.

In a Rounding Bottom pattern, targets are usually set near the next resistance or by measuring ...