Double Bottom - Did you pick the motors - risk was almost zero.
If lost 2 points below 425-426 Double Bottom as expected. Do not hurry up in trade - Wait for sometime.
Likely it is close by so it always weeds out the trader at bottoms.
Try to pick Motors only once it crosses back 425 again on upside.
Butterfly has been modified & taken with lower firstname.lastname@example.org% which is allowed for PRZ (Potential Reversal Zone) - Also Channel is fitting this butterfly well. Looks like Butterfly in the frame. When something like this fits - you feel more confidence.
We could be near to the bottom but will allow markets to move first & show its intent then we move later.
Making its 1st Attempt upside.
Channel likely should hold & moving above 425 shall confirm the upside move.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ