Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered advisor. Please consult your financial advisor before making investment decisions.
IREDA – Weekly Double Bottom - Reversal
🎯 Targets
Target 1: ₹183
Target 2: ₹232
Target 3: ₹309
⚖️ Risk-Reward
Entry: ₹155
Stop Loss: ₹140
Risk–Reward Ratio ≈ 1:10+
📌 Summary:
The "W" pattern in the stock market is a technical analysis chart formation that resembles the letter "W" and signals a bullish reversal of a downtrend, indicating increased buyer strength and potential price increases. It is also known as a double bottom and consists of two troughs at roughly the same price level, separated by a higher-low peak, with the pattern confirmed when the price breaks above a resistance level.
IREDA – Weekly Double Bottom - Reversal
🎯 Targets
Target 1: ₹183
Target 2: ₹232
Target 3: ₹309
⚖️ Risk-Reward
Entry: ₹155
Stop Loss: ₹140
Risk–Reward Ratio ≈ 1:10+
📌 Summary:
The "W" pattern in the stock market is a technical analysis chart formation that resembles the letter "W" and signals a bullish reversal of a downtrend, indicating increased buyer strength and potential price increases. It is also known as a double bottom and consists of two troughs at roughly the same price level, separated by a higher-low peak, with the pattern confirmed when the price breaks above a resistance level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.