BACK TO BACK 2 BULLISH PATTERNS - DOUBLE BOTTOM & BULLISH FLAG Long

CENTRAL DEPOSITORYNSE

Description

⋅ Apr 1, 2022 5:24 PM

Double Bottom and then Bullish Flag BO

- From 17 Jan to 24 Feb stock was under pressure of supply.

- After making low of 1282 on 24th Feb, stock price advanced up to 11.71%. This shows the first signal of double bottom.

- After this 2nd low of 1311 created on 7Mar-8Mar and Double Bottom has been confirmed on 10th of March.

- By 15th March, it advanced up to 286 points (which is approx. 22% upside rally) & on same day again starts falling down till 1248 on 30th March.

- Now, A fresh new pattern is created and that is Bullish flag pattern with BO on preceding day.

TGTs are mentioned in chart area

Chart Patterns

Comments

ganand1

⋅ Apr 2, 2022 5:33 PM

Too good analysis...and very well explained. That's why it has been picked by trading view editor.
Your analysis on CDSL has increased my confidence to buy CDSL and will definitely buy on Monday.
Your most of the analysis are so good and accurate.

VibhutiSharma

⋅ Apr 2, 2022 5:38 PM

@ganand1, Thanks Dear