COROMANDEL Double Bottom B/O on weekly timeframe.
COROMANDEL INTERNATIONAL weekly scale – double bottom B/O.
A = bottom 1
B = pullback high
C = bottom 2
D = down trendline B/O
E = double bottom confirmation; B/O above the pullback high between the 2 bottoms.
Also see the squeeze between the 2 VWAPs, anchored from the high of Aug 2022, and the covid low of Mar 2020, that is resolved to the upside.
The AVWAP squeeze is one of the important trading patterns per Brian Shannon (Maximum Trading Gains with Anchored VWAP – 2023)
The classic double bottom price projection is about 1040. Will it reach the target. Let’s wait and watch.
Only personal analysis. No recommendation.
A = bottom 1
B = pullback high
C = bottom 2
D = down trendline B/O
E = double bottom confirmation; B/O above the pullback high between the 2 bottoms.
Also see the squeeze between the 2 VWAPs, anchored from the high of Aug 2022, and the covid low of Mar 2020, that is resolved to the upside.
The AVWAP squeeze is one of the important trading patterns per Brian Shannon (Maximum Trading Gains with Anchored VWAP – 2023)
The classic double bottom price projection is about 1040. Will it reach the target. Let’s wait and watch.
Only personal analysis. No recommendation.
Raju KMS Datla