mentioned in the chart and can discuss on twitter
Ashokley likely formed double Bottom on weekly TF
Maruti reached its 52W high at 10,000 and has been faaling continuously since then. The way Maruti % fell shocked alot of people, However it was not all that difficult to determine the fall and I will share, how I proceeded and made money in Maruti 5.71% . On 25 July, Maruti reached its prior top weeks high zone of 9900-10000 again. It was a good resistance and...
Pattern Double Bottom
Waiting for trend line break out with volume to go long.
Daily time-frame bullish divergence.
MINDTREE can be bought for swing trading. It formed double top and it came down to previous rejection/support point. It broke out the support line and looks like it is Breakout failure. Just for observation and education purpose only.
1. The Shape of The Double Bottom – A double bottom occurs when prices form two distinct bottoms on a chart. A double bottom is only complete, however, when prices climb above the highest high point between the two bottoms. The double bottom is a reversal pattern of a downward trend in a stock’s price. Sometimes called a “W” formation because of the pattern it...
#1. Double BOTTOM Reversal #2. Projected Bearish SHARK: Last LEG in Progress. Rest mentioned on Chart. Education Purpose only. For trade decision consult with Financial advisor.
If one watches reliance closely the stock may form a typical double top chart formation and the leading indicator over here is the volumes traded on the stock which if we watch we can see is less as compared to the previous time the stock reached this level what it means is "last time when the stock reached this price the demand was met with higher amount of...