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RupakDe
Dec 27, 2023 5:09 AM

Double bottom breakout on Hourly chart 

TRIVENI ENGINEERINNSE

Description

Double bottom breakout:
A double bottom pattern is a bullish reversal pattern in technical analysis that signals a potential change in trend. It forms after a downtrend and looks like the letter "W." This pattern consists of two distinct troughs at approximately the same price level, separated by a peak in between.

Also, a positive divergence is visible on hourly RSI
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