Double Bottom Chart Pattern - SUNPHARMA

The Double bottom looks like the letter "W". The twice-touched low is considered a support level.

The advance of the first bottom should be a drop of 10% to 20%, then the second bottom should form within 3% to 4% of the previous low, and volume on the ensuing advance should increase.

The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
Chart PatternsDouble Bottompriceactionpriceactiontrading

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