India, Aug. 24 -- This pattern suggests that bearish momentum is gradually fading while buying strength is steadily building, indicating a potential bullish trend. A rounding bottom pattern forms a smooth "U"-shaped curve, indicating a gradual shift from selling pressure to strengthening buying momentum over time.

On 18th August, Netweb Technologies India Ltd confirmed a bullish breakout and sustained its bullish momentum and closed at Rs 5,568.5 on 21st August. While sustained buying volume could drive further upside, breaking below the support zone would weaken this bullish outlook.

Traders target the next resistance level or project the pattern's depth upward from the breakout point, using volume and momentum to confirm the bullish r...