Price action is nearing support to form double bottom.
This for educational purpose.. double bottom.... Target neckline perfectly achieved....
West Coast Paper Mills has significant price volatility in the past 3 months
A decisive break below 6900 can easily take it down to 6500. S&R levels mentioned in chart.
Thanks for your precious time & do put your feedback below in comment section - I would love to hear from you. Most of us can learn as well - ----------------------------------------------------------------------------------------------------------------------------------------- Correction - Sorry using "circular shape" over the video - Its a curve shape...
AXISBANK near its resistance in double bottom pattern at hourly timeframe. Be ready to go long if breakout comes.
SBIN has reached September month high of 312.50 and its formed a double top, if the stock has not break this level, then we may see a down side.
Apollo Tyres on a weekly chart has taken support at levels of 192-193 and has bounce back giving a divergence on the RSI from a oversold region. The MACD also is showing convergence. A major part of the move has already taken place from 193 to 220. What needs to be seen is as to how far would this upward move go with Fibonacci retracements placed at 224.5, 235...
NSE:TATACHEM has formed double bottom chart pattern with 573 as its neckline. Highest Put OI is at 560. If the stock can sustain above 573, it can go until 620 on first hand. Join our telegram channel t.me
Double bottom breakout with higher volume.Good risk and reward setup
Double bottom formation and about to breakout with huge volume
Good time to go short, with the stop above 2700. T1- 2450 T2- 2200
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