praveen.bhatiya

Double Bottom Reversal.

Long
NSE:INDIANB   INDIAN BANK
Completed Double Bottom Reversal pattern is suggesting that downtrend is over for time being and prices can go up now. RSI is above 50 also confirming the decision of going long. It has given breakout and retested the pattern neckline today. All these make it a ripe trade setup for going long in the stock by providing a reasonable Stop Loss.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active
Comment: Trade is doing very well and in good profit continuing with trailing SL.
Trade closed manually

Comments

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