Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: “The only reason we pushed through the resistance yesterday was because of NiftyIT. And today NiftyIT started with cuts of -0.9%. Do you agree with me now that the main villain is NiftyIT which is preventing Nifty50 for a smooth directional trend?” 4mts chart Is Nifty above or below 22051? I must change...
1. Set up: Reversal Trade from support levels 2.Double bottom at support 3. RR: Minimum 1:10 4. Early unconfirmed entry is high rewarding so building position now would b a wise decision
1. Trend reversal 2. set up double bottom 3. Strength: Stronger 4. RR: 1:6+ 5. Crisp and clear trade set up
1. Trend : Bullish 2. RR: 1:5.6+ 3. Set up: Double bottom
1. Trend bullish 2. Set up: Breakout & Retest 3. RR 1:5.5+ reversal trade set up 4. Double bottom at retest
1. Set up: Double bottom 2. Price trading at support 3. Break out and failed, 2nd attempt it will be to pick up pace 4. RR 1:6+
1. Set up: Potential reversal demand zone 2. Trend Bullish 3. double bottom set up
Pattern: Double Bottom pattern The Double Bottom pattern emerges within a downtrend when the price hits two separate lows at approximately the same level. During the formation of this pattern, the volume tends to indicate a decrease in downward momentum, diminishing as the pattern develops, with a slight increase in volume at each low, typically less on the...
INFIBEAM 1) Time Frame - Monthly. 2) The Stock has been in a consolidation zone / Downtrend since 2018 and has given a breakout & Closed with strong bullish momentum & Huge volume in monthly time frame. 3) INFIBEAM may reach its previous Life Time High (50.50) in the Long Term. 4) Recommendation - Strong Buy
BRNL 1) Time Frame - Monthly. 2) The Stock has been consolidating since January, 2020 and has given a pre covid high breakout & Closed with strong bullish momentum & Huge volume in monthly time frame. 3) BRNL may reach its previous Life Time High in the Long Term. 4) Recommendation - Strong Buy
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Yesterday’s W pattern is no longer valid as today’s action has nullified it. Our stance continues to be neutral with a slight inclination to the bearish side. It seems like FIIs are not done unwinding their positions — the run-up to the Budget 2024 looks interesting.” 4mts chart Two major things stand...
NBCC (1D TF) Swing Trade Analysis given on 30th November, 2023 (Friday) Pattern: DOUBLE BOTTOM - Neckline Breakout - Done ✓ - Retracement + Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #nbcc
UADT.D formed double bottom and crossed trendline which clearly shows bullish breakout. so bitcoin and altcoins will bleed for some time.
MUNJALSHOW 1) Time Frame - Weekly. 2) Long Term downtrend breakout happened on June, 2023 and the stock has been consolidating since june 2023 & gave a double bottom pattern breakout with strong bullish candle & good volume. 3) The next target would be its life time high in the long term (313 - 63%). 4) Recommendation - Strong Buy
It is forming Double bottom on 1hr and 4hr with harmonics we can plan for new highs. I'm in buys and its great RR trade for me
APEX FROZEN FOODS :Has formed a nice double bottom pattern. 10DEMA Crossover above 20DEMA,50 DEMAa possible move towards in weekly chart suggests a move towards 290-300 upon sustaining about its neckline breakout levels of 270 For educational purpose only. Your likes and feedback would motivate me to post more views. Happy Trading
PALREDTEC:Likely Double bottom b/out.Has formed a double bottom breakout in long term weekly charts.Shows possibilities for a breakout above 210 towards 230-/240/250 (For educational purpose only)
Certainly, let's replace the currency symbol with Indian Rupees (INR) in the analysis: ### Technical Analysis: #### 1. W Pattern - Double Bottom: The W pattern is a bullish reversal pattern that resembles the letter "W" and signifies a potential reversal of a downtrend. The double bottom within the W pattern is a positive indicator. #### 2. Breakout of...