M Top or Double Top Bandhan Bank
Updated
The Daily chart in Bandhan Bank shows a clear-cut M Top or Double Top pattern.
Note that it's a trend reversal pattern. As you can see before the M top it was bullish and After the M top it created a bearish Trend.
Let's call the first candle which crosses Neckline as Point B, and the Resistant line as Point A.
when the candle finally crosses the neckline after creating M Top or Double Top draw a line from point A to point B. and place it below the neckline that shows the target.
It's clearly seen that it has given a significant profit of 16%.
Note that it's a trend reversal pattern. As you can see before the M top it was bullish and After the M top it created a bearish Trend.
Let's call the first candle which crosses Neckline as Point B, and the Resistant line as Point A.
when the candle finally crosses the neckline after creating M Top or Double Top draw a line from point A to point B. and place it below the neckline that shows the target.
It's clearly seen that it has given a significant profit of 16%.
Note
Please Note this is "only for educational purposes"
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