Sarthak_Singh
Short

Double Top Pattern ft. Naukri

NSE:NAUKRI   INFO EDGE
570 views
10
The Infamous Double Top pattern has been established.

Wait for the neckline to break for stock to give a move.
The grey zone has some minor resistance & the red zone will be our target.

Happy Trading. :)

Comments

it form double bottom on 15 minute candle i think it will be form third peak on upper side lets see
+2 Reply
Sarthak_Singh AmarMemane
@AmarMemane, There's a double false breakdown in 15 min chart. Also, quarterly results are coming out today. Stock's March QE was 41.62 cr & estimates are of 5 cr. That's just 10% of previous earnings. This is a close call. Interestingly, Earnings will decide today if the stock will execute a double top pattern or go for the 3rd Top !!
Reply
looks like going for third peak.
+1 Reply
Sarthak_Singh dharma681
@dharma681, There's usually a small pullback after 2nd Peak near the neckline. But it could be going for the 3rd peak too. Anyhow, we'll know. :)
Reply
it's going for the third peak in 15 min candle
+1 Reply
low volume on neckline breakout, whipsaw?????, it could test the peak level again.
Reply
Sarthak_Singh aryanamar
@aryanamar, As of now it is just retesting the neckline. Going for the 3rd peak now will repaint the pattern. Quarterly earnings have customized the momentum for now but the view stays the same.
Reply
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