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Double Bottom

Silver Price Action set up with double bottomThe current price analysis for XAGUSD (Silver against US Dollar) in early November 2025 reveals a mixed but cautious outlook. Silver prices are moving within a corrective phase after exiting a bullish channel, trading approximately in the $47.50 range. Technical indicators such as moving averages currently suggest a bearish to neutral trend, with the price testing key resistance levels around $48.45. Price momentum shows attempts to push higher, but resistance near $48.45 may lead to a price pullback or consolidation. If silver breaks above the critical resistance at $50.45, it could signal a renewed upward trend targeting levels around $52.35. Conversely, a failure to hold support near $46.75-47.00 may accelerate declines towards below $41.45, indicating a bearish phase. Fundamentally, silver is influenced by the strength of the US dollar, industrial demand recovery (notably from solar energy and electronics sectors), and safe-haven buying amid global market uncertainty. The metal’s sensitivity to Federal Reserve policy and economic indicators continues to drive short-term volatility. Traders should watch for sustained moves beyond the $48-$49 resistance or breakdown below $46.75 to gauge next directional trends. Overall, silver price dynamics suggest potential for both short-term rallies and corrections, dependent on macroeconomic cues and technical breakouts.
OANDA:XAGUSDLong
by KamalKJoshi
PROTEAN Cup & Handle with double bottom reversal set upProtean eGov Technologies Ltd (PROTEAN) is trading around ₹865 as of early November 2025, with the stock having a year high of ₹1,535 and a low near ₹716. The stock has declined roughly 35% over the last 6 months and about 42% year-on-year from its peak. Valuation metrics show a price-to-earnings (P/E) ratio near 37 and a price-to-book (P/B) ratio around 3.45, indicating a relatively high valuation considering recent price declines. The company has zero debt, which strengthens its financial stability, but revenue growth has been weak with a recent contraction and modest sales increase in some quarters. Profitability margins remain moderate, and earnings per share (EPS) stood at around ₹23.3. Dividend yield is low at about 1.16%. Technically, the stock is trading below its 200-day moving average (~₹1,053) and close to the 50-day average (~₹879), suggesting some near-term weakness. Support may be near the recent lows of ₹716, with resistance close to ₹900–₹950. Overall, Protean presents a cautious medium-term outlook, with fundamental strengths balanced by valuation and growth concerns.
NSE:PROTEANLong
by KamalKJoshi
MCX - Bullish W-Pattern (Double Bottom Breakout)________________________________________ 🚀 Multi Commodity Exchange of India Ltd (NSE: MCX) | Bullish W-Pattern (Double Bottom Breakout) 📊 Current Market Snapshot CMP: ₹8,706.00 Sector: Financial Services / Commodity Exchange Pattern Observed: 🟢 W-Pattern (Double Bottom Breakout) Candlestick Signal: Strong Bullish Marubozu + Volume Breakout Strength Rating: ⭐⭐⭐⭐☆ (High-Conviction Bullish Reversal) ________________________________________ 🧭 Technical Indicators The technical indicators on this chart are flashing strong bullish signals. Momentum is clearly positive, supported by a Bullish Marubozu candle, which reflects strong buying pressure and conviction. The chart also indicates a possible breakout formation, confirmed by a strong bullish candle backed by extremely high volume — a classic sign of institutional participation. Multiple bullish confirmations like swing trade alignment, intraday signal, RSI breakout, and bullish engulfing pattern further add weight to the uptrend. The Bollinger Band breakout and Bullish VWAP suggest sustained price expansion, while the BB Squeeze-Off hints at volatility returning in favor of the bulls. Altogether, these indicators reinforce a buy-on-dip structure with potential for continuation toward higher resistance zones. MCX is currently trading in the Progressive Zone, indicating a phase of steady upward momentum where buyers are actively accumulating positions. This zone reflects controlled bullish strength and sustained participation, suggesting that the stock is gearing up for a potential breakout continuation. The KST (Know Sure Thing) indicator for MCX is in bullish territory, confirming the upward momentum seen in price action. With a strong positive crossover and supportive strength reading, the KST reinforces the ongoing uptrend — indicating that momentum remains firmly in favor of the bulls and the stock could continue its northward journey. MCX is trading between its Swing High at ₹8,439.5 and Swing Low at ₹7,304. The Top Range near ₹9,115 acts as a major resistance zone, while the Bottom Range around ₹7,304 provides strong support, defining a clear bullish structure with room for further upside if momentum sustains. ________________________________________ 📊 Trade Setup (Strong Momentum Entry) Entry: ₹8,748.50 ________________________________________ 💡 Learning Note This setup is a textbook example of a W-pattern (Double Bottom) breakout, where price reverses from a downtrend after forming two clear lows at similar levels. The neckline breakout with heavy volume confirms a shift in market sentiment from bearish to bullish. Such patterns highlight how volume expansion and strong breakout candles validate reversal strength and help traders identify early entry points in new uptrends. ________________________________________ ⚠️ Disclosure & Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment adviser, and all views expressed are based on personal study, chart patterns, and publicly available market data. Position Status: No active position in MCX at the time of analysis. Data Source: Past Chart reference(Historical levels) Trading—whether in stocks or options—carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or setups do not guarantee future results. If you are a beginner, treat this as a learning guide and practice with paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades. Consult a SEBI-registered financial adviser before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments. ________________________________________ 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover clean, structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. 👉 “If you liked this breakdown, follow for more clean, structured setups with discipline at the core.” 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊 ________________________________________
NSE:MCXLong
by simpletradewithpatience
Nifty 50 spot 25285.35 by the Daily Chart view - Weekly updateNifty 50 spot 25285.35 by the Daily Chart view - Weekly update - Support Zone 24875 to 25135 for Nifty Index earlier Resistance Zone - Rising Support Channel stayed grounded by continued supportive role - Strong rejection observed at 25430 to 25670 Resistance Zone for Nifty Index - Falling Resistance Trendline stands ground and Resistance Channel Breakout seems sustained - Bullish Technical patterns of "W" Double Bottom followed by Rounding Bottom formed around Support Zone
NSE:NIFTY
by PIYUSHCHAVDA
IREDA: Double Bottom in PlayOn the daily time frame, the chart of IREDA has recently displayed a double bottom reversal pattern , a classic technical formation often associated with a potential shift from bearish to bullish sentiment. This pattern, marked clearly on the chart, suggests that buyers may be stepping in at a previously defended price level. In the preceding downtrend, the stock failed to establish a new low and instead broke above a prior swing high, indicating a CHoCH in market structure. This shift is typically interpreted by technical analysts as a transition from bearish to bullish momentum. The RSI is currently above 60 , approaching the overbought zone. While this suggests strong buying interest, it also warrants caution as price may be nearing short-term exhaustion. However, in trending markets, RSI can remain elevated for extended periods. Additionally, the stock has managed to close above both the 20-day and 50-day EMAs, accompanied by increased volume, which adds credibility to the bullish setup. These moving averages often act as dynamic support levels and trend confirmation tools. Based on this technical structure, the next potential resistance levels are identified near ₹160, followed by ₹173 . A technical stop-loss level could be considered at a daily close below ₹140 , which aligns with the double bottom support zone. Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute investment advice or a recommendation to buy, sell, or hold any financial instrument. Market conditions are subject to change, and trading decisions should be made based on individual research, risk tolerance, and consultation with a licensed financial advisor.
NSE:IREDALong
by NiftyNotion
Coforge | Double Bottom Reversal with RSI + MACD Breakout📌 Coforge Ltd. – Closing Price: ₹1,768.60 📊 Technical Indicators Explained Coforge is showing strong technical signals. A Double Bottom pattern 📉➡️📈 suggests a possible bullish reversal, while a strong bullish candle 🔥 confirms momentum. The RSI breakout ⚡, MACD crossover 📊, and volume surge 🚀 all indicate growing trader participation. With supports holding firm and resistances nearby, the stock is entering a decisive zone. ________________________________________ 📈 Bullish Case – Why the stock could go up Double Bottom signals potential trend reversal. Strong bullish candle with volume validates buying interest. RSI breakout + MACD crossover = bullish confirmation. Fibonacci retracement levels open upside zones towards ₹1,852 – ₹1,994+. 📉 Bearish Case – Potential downside risks If price fails to sustain above ₹1,726, weakness may return. Broader market corrections could weigh on momentum. A breakdown below ₹1,657 would weaken the bullish outlook. ⚡ Momentum Case – Short-term Trading Edge Strong bullish candle + RSI breakout = near-term strength. Sustaining above ₹1,780–₹1,800 could push towards higher Fibonacci levels. Heavy volume indicates short-term traders are active. 📊 Support & Resistance Levels Support Zones: ₹1,657 | ₹1,683.67 | ₹1,726.13 Resistance Zones: ₹1,794.93 | ₹1,821.27 | ₹1,863.73 📅 Short-term vs. Long-term Perspective Short-term: Stock may test resistance levels between ₹1,795 – ₹1,860 if momentum sustains. Long-term: Formation of a double bottom indicates potential for a structural trend reversal if higher levels hold. ✅ Conclusion: Coforge is showing a technical reversal pattern with strong momentum signals. 👉 The stock is at a key breakout zone — short-term traders may track resistances closely, while long-term investors can monitor the double bottom for confirmation of sustained trend change. ⚠️ Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data. Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results. If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades. Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments. 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover clean, structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. 👉 “If you liked this breakdown, follow for more clean, structured setups with discipline at the core.” 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:COFORGELong
by simpletradewithpatience
Unlocking Structure: Multi-Timeframe Mapping Today’s chart highlights the value of multi-timeframe analysis for structured observation. On the right (WTF), the weekly perspective provides a broad structure, showcasing a clean counter trendline and its reaction zone. A green box and magnifier zoom into this region, framing the context for the daily (DTF) chart on the left. On the DTF view, the same zone is explored in detail. Here, there's an active counter trendline (white) and a pronounced double bottom formation resting on a blue Flip zone—noted for educational reference rather than outcome prediction. Both timeframes display how structural overlaps and retests can be identified, serving as useful pattern recognition and risk management. Disclaimer: Trading involves significant risk and is not suitable for all investors. Past performance does not guarantee future results. Always conduct your own research, consider seeking advice from a qualified financial advisor, and trade only with capital you can afford to lose.
NSE:ELECONLong
by Averoy_Apoorv_Analysis
2
SBI Card | Double Bottom Breakout | Bullish BiasSBI Card is showing signs of strength on the daily timeframe, completing a double bottom pattern, a classic bullish reversal setup. The stock is expected to close positively today around ₹830, confirming breakout intentions. 🔹 RSI is hovering near 60, indicating rising bullish momentum without being overbought. 🔹 The 20 EMA is sloping upward, reinforcing the short-term bullish trend. 🔹 Watch for resistance near ₹880, which coincides with a falling window gap — a likely profit-booking and supply zone. 📌 Key Levels: Breakout above ₹830 can trigger momentum towards ₹880. ₹880 remains a crucial level to watch for follow-through or rejection. 🔔 Keep an eye on volume confirmation to validate the breakout.
NSE:SBICARDLong
by Arvind_Share_Academy
Bikaji Foods cmp 800.05 by Daily Chart viewBikaji Foods cmp 800.05 by Daily Chart view - Support Zone 774 to 788 Price Band - Resistance Zone 825 to 840 Price Band - Pretty closely considerate Bullish Double Bottom formed - Support Zone seems like going thru testing retesting mode - Falling Resistance Trendline Breakout seems been attempted - Price momentum seem respecting the Rising Support Trendlines - Bullish Rounding Bottoms with Head & Shoulders below Support Zone - Price Breakout will sustain after closure above Resistance Zone for few days
NSE:BIKAJI
by PIYUSHCHAVDA
NZDUSD – Breakout Confirmation with Upside Potential🔹 Pair: NZDUSD (1H, Heikin Ashi) 🔹 Entry: 0.58789 🔹 Target: 0.59084 🎯 🔹 Stop Loss: 0.58634 🛑 🔑 Trade Rationale: ✅ Double Bottom Formation – Price respected key support twice, signaling potential reversal. ✅ Breakout Above Resistance – Clean breakout above horizontal resistance (blue line). ✅ 200 EMA Retest – Price is now pushing above the EMA, adding strength to the bullish case. ✅ Volume Spike – Recent surge in buying volume supports the upside move. 📊 Trade Plan: I’m going long from 0.58789, looking for a quick move toward 0.59084. Risk is limited with a tight SL at 0.58634. This setup offers a favorable R:R with a technical confluence of breakout + pattern confirmation. ⚠️ Disclaimer: This is not financial advice. Trade at your own risk. Always use proper risk management.
Long
by Crystal_0404