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BSHSL double channel breakout BSHSL chart is growing with double down rising channel symbol of double strong reversal Technical points 1- Double channel breakout 2- strong bottom at 180 that is support zone 3 - resistance at 220 that is supply zone 4 -breaking down rising channel at 250 5 - Any time big investors came in that share and zoomed in on life time high 665 BUY above 220 TRG 1st - 300 TRG 2nd -400 TRG 3rd - 500 final trg life time high 650 and 663 SL 180 - 148 for the short term and long term investors
NSE:BSHSLLong
by Share-Mechanic
Gold XAUUSD Technical Analysis UpdateAs 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 pattern hasn't formed yet so this analysis 60% can be correct. Wish good luck for everyone Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Articles and content on this group are for Trading Education purposes only and do not constitute investment recommendations or advice. If you liked our ideas, please support us with your likes 👍 and comments .
OANDA:XAUUSD
by pullbacksignal
NIFTY --DOUBLE BOTTOM--NEXT WEEK TREND --16/05/2022NIFTY --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 3. nifty overall chart is still sell on rise but since double bottom at oversold level there is more chance bounce from this level kind of relief rally ahead 4. for confirmation we want next candle to form as doji or bullish Green with no pin bar downside, then this trend will confirm it means next candle should not red one 5. if next candle red with pin bar downside then this double bottom will be not carried trend up . ** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. HAPPY TRADING. !!
NSE:NIFTYLong
by champtrade111
ORIENT GREEN POWER CO LTD --- DOUBLE BOTTOM 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 seen double bottom formation on oversold line 6. Double Bottom form at 200 SMA support line that is also bullish indication of trend reversal RISK FACTOR. * Currently % price band ( 5% circuit limit in NSE/BSE) in such case stock can go either one way parabolic form . stop loss should be strictly placed .. profit booking trailing stop loss method more useful. BUY ORIENT GREEN POWER CO LTD @ 11.65 TARGET 15-18 stop loss 8 @@ THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk HAPPY TRADING. !!
NSE:GREENPOWERLong
by champtrade111