Double bottom Trend Reversal

praveen.bhatiya Updated   
The stock is in down trend but recently it is showing the strength and have refused to make further lower low. There is a good possibility of entering a long trade now for a target of 550 - 575. RSI has came out of oversold Zone and is around 50 confirming the decision. One can buy now or put the stock into their watch list and trade accordingly. Defensive trader can wait and enter on confirmation i.e. closing above the red trendline or neckline of double bottom .

Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.
Trade active
Trade active: Going long now seeing strength today.
Trade closed: target reached: Stress free moved as expected.


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