India, May 21 -- This pattern suggests that buying momentum is gradually weakening while selling pressure is steadily increasing, indicating a potential bearish moment. A rounding top pattern forms a smooth inverted "U"-shaped curve, indicating a gradual shift from buying momentum to increasing selling pressure over time.

United Breweries Ltd confirmed a bearish breakdown from a rounding top pattern on the weekly chart after breaking below the Rs 1,360 level on 18 May 2026. The stock has continued to stay below this level till date, making Rs 1,360 a key resistance zone. The stock closed at Rs 1,348.80 on Wednesday, indicating continued bearish momentum on the chart.

In a rounding top pattern, traders generally set downside targets near...