A massive Inverted Head and Shoulder breakout is about to happen any time on closing basis, above 635 for a target of 900. I will mention the Stop loss After completion of the successful breakout.
I will keep you posted.
Please share your thoughts/opinions....very important to me.....
GSPL:- Stock has given breakout by forming double bottom pattern keep your eye.
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
As you can see on the Gold XAUUSD chart, The price has reached a significant support level and it's possible that it forms a double bottom pattern and pushes the price higher to the trendline. In the lower time frame based on the minor levels we can look for breakout patterns or pullbacks to open the trade for the TPs. On the dollar index ( DXY ) the reversal...
NIFTY --DAILY CHART--DOUBLE BOTTOM --NEXT WEEK TREND --16/05/2022 to 20/05/2022
1. NIFTY seen Double bottom formation on daily chart at oversold level around 15750-15770 sub level , this is same bottom where earlier nifty rally from extreme oversold .
2. short term bounce is possible from current level around 400-500 points at resistance 16400-16500 level
ORIENT GREEN POWER CO LTD- DAILY CHART
1. Trendline breakout seen on daily chart recently
2. Triangle pattern breakout also can seen on chart
3. Double bottom formation seen, where both double bottom candles are hammer candle,
4. After hammer candle last closing candle is bullish green which confirm double bottom and trend reversal to bullish
5. wave trend also...
Wait for the right opportunity, its fair value is more tha 120,it would be good to buy from 38-39,. Those who thinks they have stuck in this stock, nothing to worry simply accumulate and enjoy.
Sher sher raha hai ek chote haar ka mtlb ye nii hota ki wo sikar krna bhul gya
View : Bullish Shortterm - Medium Term - Long term
Structure : Range Bround
Range Breakout: Traders can enter in the direction of a breakout from a trading range.
To confirm the move is valid, Traders can use other indicators as per thier own wish.
1. Range Breakout @ 75.00
2. Double / Multiple Bottom
Let's have a look at the technical chart of Nifty, can you see a double bottom formation on Nifty Charts? Do you think Nifty reversal started form here?
Yes I hope it is perfect double bottom chart pattern and the break out point of double bottom comes at 17470 & we can expect Nifty to reach at 18140 levels and further more.
The contents updated...