DOUBLE TOP __1 day chart pattern
APRIL 27 tested a new high (504.80) and failed to break it. Almost after month+ it has risen above to its Previous HIGH.
I would go SHORT around " IF THERE IS ANY RESISTANCE AROUND IT'S PERVIOUS HIGH OR IF THERE IS A SIGN OF A NEGATIVE CANDLE
( HANGING MAN ) IN THE NEXT FEW DAYS"
TARGET__ 475- 450
Althrough posting it little late..
Jubilant ind has formed double bottom.. I knew it will go up 1 week back.. anyway still its a buy.. if it crosses the neck line..
also bulk deals are happened so we can expect upmove for a shorter time frames of 1 week....
share your comments too..
Buy kotakbank above 1327 tgt- 1405 1458 closing base sl- 1270
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1. First & Foremost: This sharing is just my own study & research. Track or trade in it with 100% self-risk & responsibility. If not convenient then strictly avoid.
2. You should always keep the STOP LOSS. In the market only SL will SAVE...
Based on the previous analysis posted if the price rally upwards then the possible targets are posted ..
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
LT may garner some support for the falling nifty and with help of other stocks can help nifty to gain some momentum on the upper areas tomorrow its expiry weekly so need to keep a close check on such good corrected stocks like reliance axis titan maruti m&m pharma stocks
NIFTY 50, on the confirmation line to break out the double bottom formation, will it lead to reclaim 8,600 in to the budget or will it retest 8,000 level on budget week and push run towards 8,600 or break 8,000 and towards 7,600?