Double top chart pattern with negative tail at the 2nd top almost confirms the short ........assurance comes from divergence also with different indicators....may follow
Double Top Pattern ( M ) Bearish Sign - LICHSGFIN
2 Reasons Stock can go up is Double Bottom and Bullish Divergence. Buy at your own risk. We Saw some Buying Power today Which may Continue a little bit. Have small targets in mind.
Wait for the neckline breakout.
Perfect Double bottom formation 1) SL is 382 2) divergence formed with double bottom formation 3) money flow is up.. 4) 1st immediate tgt is 440
Notes on the chart. "Wish you all a very happy and prosperous new year" Just trade safe and stay healthy. Regards Bravetotrade
This chart is not for you :) Its only to show, even if I fail at repeated attempts, My Plan remains same :)
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?