It appears that the NSE:MOIL has found its footing, indicating a potential reversal as it breaks out upwards following a period of indecision or stabilization.
The Diamond Bottom pattern initiates amidst a downtrend, characterized by the formation of higher highs and lower lows within a widening pattern. Subsequently, as the highs reach their peak and the lows...
This idea is purely basis current price action + volume and news. No other factors considered.
NSE:DHANI has shown promising signs of a potential turnaround, indicating a shift in sentiment following a period of indecision or stabilization.
The Diamond Bottom pattern emerges amidst a downtrend, characterized by the formation of higher highs and lower lows...
A bullish chart pattern known as a " Diamond Bottom " has emerged on the DAILY-CHART of JK Lakshmi Cement Ltd ( NSE:JKLAKSHMI ) . This pattern is considered a positive indicator, suggesting that the stock price could potentially increase and reach a range between 748.00 and 765.00.
The pattern took shape over a period of approximately 71 days, and this duration...
DAILY CHART ANALYSIS OF NSE:MONTECARLO
The Diamond Bottom pattern, also known as the Diamond Reversal pattern , is a technical chart pattern frequently used in technical analysis to identify potential trend reversals in financial markets, such as stocks, forex, and commodities. It is a rare pattern and is considered a reversal pattern, indicating a potential...
The Diamond Bottom pattern is a technical analysis pattern that can indicate a potential reversal in a downtrend and the beginning of a new uptrend. It is characterized by a series of higher highs and lower lows, forming a broadening pattern, followed by a narrowing trading range.
The same has been identified in daily chart of DALMIASUG
Here is a...
Daily Chart analysis of MAHINDRA LOGISTICS
Mahindra Logistics stock price has reached a point of stabilization and is displaying indications of a potential reversal. Following a period of uncertainty or consolidation, the price has broken out in an upward direction, suggesting a shift in market sentiment. This pattern is known as the Diamond Bottom, which...
Daily chart analysis of Vijaya Diagnostic Cen Ltd. tells me that the price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty/consolidation.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I...
UPL IS AN AGROCHEMICAL COMPANY
the stock is in consolidation on monthly charts
the two scenarios emerge from here on either side breakout, 240-250 moves can occur.
on higher side can cross 990
while on lower side can test near 540 levels
Based on recent activity of Tirumalchm, it appears that the price has hit the bottom and is displaying indications of a reversal. This is evident by the fact that the price has broken upward after a period of consolidation or uncertainty.
One potential pattern that can be observed is the Diamond Bottom pattern. This pattern typically occurs during a downtrend,...
Lalpathlab making Diamond Bottoms Pattern, as we all know this is a reversal pattern which provide good trade opportunity on support/resistance level and we see it rarely, I do not know if this is perfect or not, would love to hear views of senior community members.
Reliance is making diamond bottom
Tomorrow highest OI at 2000 call option (30 Lakh share)
Once it is broken, much upside is possible.
Only for demonstration purposes.
Nifty has formed a Diamond Bottom pattern.
Low of the diamond coincides with Nifty new support zone around 10900. Took support from here and now in uptrend.
Diamond's upper resistance line has been broken yesterday suggesting a possible NIFTY breakout.
Breakout candle length isn't upto the mark but can be considered in view of a bullish nifty due to positive...
NSE:HDFC
Reasons being: Diamond Bottom Formation
What is Diamond Bottom?
- The Diamond Bottom pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern.
Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks
upward out of the diamonds...
