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Double Bottom

Edelweiss - Double Bottom Reversal PatternNSE:EDELWEISS Made Beautiful Chart Structure today Before Q4 Results with Good Price and Volume action. Today's Price Action: - The stock has been in a clear downtrend since December 2024, forming a descending resistance line (white trendline) - Recently broke above this major downtrend line with strong momentum - Current price at ₹86.44, up 5.50 points (+6.80%) in today's session - The stock appears to have formed a Double bottom Pattern around the ₹75 levels, confirming a potential reversal Volume Analysis: - Volume spike visible in today's session (13.85M shares traded) - The previous volume averaged around 5.6M shares - This high-volume breakout suggests strong buying conviction - Volume confirms the price movement, adding credibility to the breakout Key Supports and Resistances: - Strong resistance zone at ₹87-90 (previous consolidation area marked by red horizontal line) - Key support established at ₹75-77 (green horizontal line) - Previous support at ₹86-87 may now act as resistance that needs to be cleared decisively Trade Setup: Entry Points: 1. Aggressive Entry: Current level (₹86.44) with partial position size 2. Conservative Entry: On breakout confirmation above ₹90 with closing price 3. Pullback Entry: If price retraces to the ₹82-83 range (previous breakout level) Exit Strategy: - Target 1: ₹95 (first resistance level) - Target 2: ₹105 (previous support turned resistance) - Target 3: ₹115-120 (major resistance zone from January-February 2025) - Trailing Stop: Consider implementing a 5% trailing stop after achieving Target 1 Stop Loss Placement: - Aggressive Stop: Below today's low (approximately ₹82) - Conservative Stop: Below the green support line at ₹75 - Double Bottom Pattern-Based Stop: Below ₹73 Risk Management: - Position sizing: Limit to 1-2% risk of total capital per trade - Risk-reward ratio: Minimum 1:1 for aggressive entry, 1:1.5 for conservative entry - Consider scaling out of position at each target level (e.g., 33% at each target) The improved price action comes after several months of decline, with the potential Double Bottom pattern suggesting a possible trend reversal if completed successfully. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:EDELWEISSLong
by Karanshah137
4
BDL – Weekly W-Pattern + Sector Strength + Volume Surge 📈 BDL – Weekly W-Pattern + Sector Strength + Volume Surge = High-Potential Positional Setup BDL is showing textbook technical confluence at the right time: Sector: Defence index at all-time highs Stock: BDL forming a clear double bottom (W-pattern) over several months Weekly breakout underway with strong green candle and volume confirmation Structure: Rounded base, higher lows, long support holding strong Price just broke key levels with momentum — setup for multi-leg positional rally 🧠 Technical Highlights ✅ W-pattern (double bottom) over weekly chart confirms accumulation & reversal ✅ Price breakout from neckline zone around ₹1,525+ ✅ Clean structure with support zone holding for 8+ months ✅ Volumes rising with the breakout — early signs of trend continuation ✅ Defence sector tailwind active 🧮 Setup Overview Entry Zone ₹1,530–₹1,540 Stop Loss (SL) ₹1,293.95 ATH Resistance ₹1,799.45 Target (Positional) ₹2,363.55 SL % −15.38% Target % +54.34% Risk : Reward 1 : 3.5 📊 Strategy Recommendation Add 30–40% position now Add more on clean ATH breakout or base retest with volume Avoid full position in one shot — shakeouts possible on weekly charts too Let volume lead the move — don’t pre-empt full size ⚠️ Cautionary Note: While the setup is structurally strong, remember: Markets are still volatile Sudden sector pullbacks or macro headlines may affect entries Stick to position sizing and respect your stop loss 📌 Summary BDL is setting up for a high-reward positional breakout fueled by a confirmed W-pattern, sector momentum, and volume surge. Structure is tight, risk is defined, and the upside potential is significant. 📉 Disclaimer: This is not a buy/sell recommendation. For educational purposes only. Do your own research and manage risk as per your capital and style.
NSE:BDLLong
by sagartharayil
BEL – Sector Strength + Double Bottom + Volume Thrust 📈 BEL – Sector Strength + Double Bottom + Volume Thrust = A Setup Worth Tracking The India Defence Index just broke into new all-time highs, possibly driven by rising geopolitical tensions — but beyond the headlines, the sector remains structurally strong. BEL (Bharat Electronics Ltd) is showing powerful confluence: A double bottom breakout Sectoral support Rising volumes Key moving averages reclaimed All of this sets up a technically sound positional opportunity. 🧠 Technical Highlights ✅ Stock trading above key DMAs ✅ Volume picking up — watch for 4x–5x surge to confirm strength ✅ ATH at ₹339.90 may act as resistance; clean breakout above it = add/fresh entry ✅ Defence sector index at ATH – macro tailwind active 🧮 Setup Overview Entry Zone ₹32.7 Stop Loss (SL) ₹287.65 ATH Resistance ₹339.90 Target (Positional) ₹399.10 SL % -10.09% Target % +24.72% Risk : Reward 1 : 2.45 🧭 Suggested Strategy 🔄 Add 30–40% at breakout 🧘 Wait for pullback or retest to add more 🚫 Avoid chasing — shakeouts are very likely 🧠 Gradual accumulation + disciplined risk management > FOMO 📊 Volumes should confirm — clean candle with strong demand = green signal ⚠️ Final Note: We are not entirely out of danger — markets can throw brutal pullbacks and false breakouts. Defensive positioning, proper sizing, and exit planning are essential. 📉 Disclaimer: This is not a buy/sell recommendation. For educational purposes only. Do your own research and manage risk as per your trading style.
NSE:BELLong
by sagartharayil
ICICI Bank-Aiming for Double Bottom Breakout?ICICI Bank – Technical Analysis & Trade Plan 📈 Trend Analysis: Stock is in a strong uptrend with a higher high, higher low (HH-HL) structure intact. Consolidating since September 2024, forming a base. Double bottom formation visible, with a potential VCP (Volatility Contraction Pattern) at play. Trading above key DMAs, confirming strength. Sectoral strength: Finance & banking showing momentum and could lead the next market move. 📊 Market Context: Broader market is showing slight improvement but still in a lower low, lower high (LL-LH) structure. Index closed above 50 DMA, gaining some momentum, but another round of correction cannot be ruled out. The main reason for selecting this stock is strong sector movement. 🔍 Trade Plan: ✅ Entry: Above ₹1,328 🚨 Immediate Resistance: ₹1,363 📌 Add more: If ₹1,363 is broken with strong volume 🎯 Positional Target: ₹1,555 ❌ Stop Loss (SL - Closing Basis): ₹1,180.45 📉 Risk & Reward Calculation: Risk (SL to Entry): ₹1,328 - ₹1,180.45 = ₹147.55 (~ 11.11% downside risk) Reward (Entry to Target): ₹1,555 - ₹1,328 = ₹227 (~ 17.1% upside reward) Risk-to-Reward Ratio (R:R): 1:1.54 (Moderate reward vs. risk) ⚠️ Risk Considerations: Overall market still in LL-LH structure → Could just be a pullback within a broader downtrend. Position Sizing Key: Consider entering only 30% of the usual position size. Gradual accumulation near ATH (All-Time High) levels is a wise approach. 📢 Disclaimer: This is not financial advice. Trading involves risk, and past performance does not guarantee future results. Always do your own research and use proper risk management .
NSE:ICICIBANKLong
by sagartharayil
Mazagon Dock| VCP & Double Bottom – Watch for a Breakout!Mazagon Dock ⚓ | VCP & Double Bottom – Watch for a Breakout! 🚀 Mazagon Dock (MAZDOCK) is forming a Volatility Contraction Pattern (VCP) + Double Bottom on the weekly chart. A potential breakout is in play. 📌 Entry: Above 2671 (preferably on a daily close). 📌 Immediate Resistance: 2966 (All-Time High). Watch price action at this level. A strong breakout with volume could signal further upside. 📌 Stop-Loss: 2201 (Daily close). ⚠️ SL is deep (~17.6%), so position sizing is critical. Trading Strategy & Risk Management 🛡️ 🔹Breakout Entry: Small position above 2671 with a tight SL for safety. 🔹Retest Strategy: If a breakout occurs, watch for a retest of 2671 as support. 🔹Volume Confirmation: A strong breakout with volume can signal continuation. 🔹Risk Factor: Already up 1600%+ from lower levels, so profit booking pressure is expected. 🔹 The Broader Market is not in a safe territory yet – gradual accumulation is advised. 🔹 Wait for a clean breakout → Start with a small position. 🔹 Market conditions matter – If the market weakens, even strong setups can fail. Stock Behavior & Market Context 📈 Mazagon Dock has a history of breakout-consolidation-breakout moves. It has already surged 1600%+, making risk management essential. Many investors are sitting on heavy profits, so expect volatility. 🚢 Defense & Shipbuilding Outlook: India is heavily investing in defense manufacturing, with Make in India boosting the sector. The naval expansion plans and growing demand for warships & submarines could provide strong tailwinds for MAZDOCK in the long run. Government contracts & global interest could further fuel its growth. Final Thoughts 2025 is shaping up to be a year where risk management will be key. Early entries help reduce risk, but sticking to the stop-loss is non-negotiable. Keep this on your radar and trade light! This setup has high potential but requires discipline. Position sizing and SL adherence are key due to the deep stop loss. If the market remains bullish, MAZDOCK could see a multi-month breakout. 🔥 Will history repeat? Can MAZDOCK deliver another breakout rally? Let’s see!
NSE:MAZDOCKLong
by sagartharayil
Double Bottom but Failed Breakout Retest | Daily Time Frame📉 OBEROI REALTY LTD – Double Bottom but Failed Breakout Retest 📅 Date: April 28, 2025 📈 Timeframe: Daily Chart 🔍 Stock: Oberoi Realty Ltd (NSE) 📌 Technical Overview: A Double Bottom pattern was formed indicating bullish reversal potential. Price attempted a breakout above the neckline near ₹1704.25, but the retest failed — price could not sustain above the breakout zone. Price is currently trading at ₹1656.80, under the trendline support. 🧩 Key Observations: ✅ Double bottom structure was confirmed. ❌ Breakout retest failed — caution needed. 📉 Watch trendline support (black line) closely — breakdown could trigger weakness. 📊 Volume during the failure was moderate (not aggressive selling yet). 🧠 Observational Bias: Weak below the trendline support. Bulls must reclaim and hold above ₹1704.25 to regain strength.
NSE:OBEROIRLTY
by simpletradewithpatience
Mangalore chemical:(Ready to shoot up); Take a look; Min 50% RoiHuge potential is there. For short term investment ; Leave a " Like If you agree ". 👍 . . Wait for Breakout & then Daily candle to close above - "135" . If you want to enter now "Go for it with stoploss". . . Enter after Price Breaks "Yellow box" mentioned. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Follow for regular updates.👍
NSE:MANGCHEFERLong
by TheNuraTrading
5
Muthoot Microfin LTD – Major Breakout in Play!🟦 Blue Line: 200 DEMA Still overhead, but the recent price action indicates a potential shift in trend. Price reclaiming above this zone will be another bullish confirmation. 📌 Breakout Highlights: Counter Trendline Breakout: Price shattered the CT-based trendline with high volume. W-Bottom Formation: A textbook double bottom structure is visible with neckline breakout. Green Path: Illustrates the bullish trajectory already played out post breakout. Red Zone: Key resistance turned support — now a potential demand zone on retest. Yellow Path: A healthy retest scenario could play out, offering better R:R entries. A pullback to the neckline before continuation would be ideal. 🔔 Keep it on your radar — structure, volume, and trend all align for a bullish bias.
NSE:MUTHOOTMFLong
by Averoy_Apoorv_Analysis
2
WELSPUN – Double Bottom Reversal with Trendline ConfluenceSetup Type: Reversal + Breakout | Conviction: Medium (Confirmation Needed) Chart Framework: Price Action + Chart Patterns WELSPUN is printing a strong bullish reversal structure, supported by both horizontal and diagonal resistance levels: 🟡 Double Bottom at Equal Lows – Classic reversal base forming after a downtrend. 📏 Equal Lows Liquidity Grab – Smart money may have hunted stops before pivoting. 🟢 Massive Volume Spike – Indicates strong interest building up. 📐 Bearish Trendline Resistance + Neckline acting as key breakout zones. 🧠 Trade Plan: 🕒 Wait for breakout above ₹133–135 zone (neckline + trendline overlap). 📍 Entry Confirmation = Daily close above ₹135 with strong volume. 🎯 Target = ₹180+ based on measured move from the pattern. 💡 High-Probability Trigger: Once the neckline breaks, momentum buyers will likely step in. Confluence of trendline + structure gives this trade extra juice.
NSE:WELSPUNLIVLong
by Trading_Mentor_Amaan
Gujarat Alkalies | Explosive Double Bottom Breakout!📈 Stock: Gujarat Alkalies & Chem (NSE) 💰 CMP: ₹647.75 (+14.50%) 🚀 Why This Chart Stands Out? ✅ Double Bottom Breakout: A textbook bullish reversal pattern with a strong retest. ✅ Supply-Demand Flip: The red zone acted as a resistance, now turning into support. ✅ DTF CT Resistance (White Line): Broken! A major trendline breakout signals momentum shift. ✅ WTF Resistance (Yellow Line) Next: The last hurdle before a potential strong rally. ✅ Volume Confirmation: Increasing volumes validate the breakout, showing buyer confidence. 🔥 A perfect mix of breakout, volume, and price action! Ready for the next leg up? Comment below! 👇
NSE:GUJALKALILong
by Averoy_Apoorv_Analysis
1
Gabriel India -Double Bottom Breakout!📊 Gabriel India - Positional Breakout Trade 🔍 Technical Overview: ✅ Trend: Strong uptrend, followed by a 32% correction and a double bottom formation . ✅ Breakout Confirmation: Cleared ₹565 resistance with strong volume. ✅ Key Levels: Entry: Above ₹600 (Earlier breakout was at ₹565) Stop Loss: ₹475 (Closing basis) 🔻 Positional Target: ₹824 (Tentative) 🎯 ✅ Moving Averages: Trading above key DMAs, indicating strength. ✅ Market Condition: Stock is breaking out early as markets show signs of recovery. ⚠ Risk Management & Position Sizing: Risk per trade: More than 20%, so position sizing is 🔑. Recommended Approach: Enter 25% now and accumulate on retest. Do NOT go all-in – respect SL at all costs! 🚨 Current market structure: Still in LL-LH (Lower Low - Lower High). This could be a counter-trend pullback or a bull trap—stay cautious. 📈 Fundamental Overview: Market Cap: ₹8,463 Cr Current Price: ₹589 52W High/Low: ₹598 / ₹326 P/E Ratio: 40.2 Book Value: ₹74.9 Dividend Yield: 0.68% ROCE: 26.7% ROE: 19.6% Debt-Free Company 💰 Sales, EPS, and Profits improving YoY 📈 🛑 Final Thoughts: Market concerns still exist—we don’t know if this is the bottom or a reversal yet. Control FOMO! Watch for market confirmation before adding aggressively. If you struggle with risk management, sit on the sidelines—waiting is also a trade. ⚠ Disclaimer: This is NOT financial advice. Trade at your own risk and follow your own risk management rules. 📉📈
NSE:GABRIELLong
by sagartharayil
PG ELECTROPLAST LTD (NSE: PGEL):Double Bottom & CNH📈 PG ELECTROPLAST LTD (NSE: PGEL) – Trade Setup & Analysis 🔹 Trend: Stock is in an uptrend, previously a cycle winner. Corrected significantly in the recent market fall but is now recovering and trading close to ATH. 🔹 Technical Highlights: Trading above key DMAs ✅ Double bottom, VCP, and CNH formation (not textbook-perfect but forming) Volume missing but RSI improving 📈 Price action near ATH to watch – a high-volume breakout could signal a strong move. 🔹 Key Levels: Entry: ₹925.70 SL (Closing Basis): ₹705.25 🛑 ATH Resistance: ₹1,053.80 🔹 Market Structure: LL-LH trend in the broader market, so caution advised ⚠️ Gradual accumulation suggested, wait for confirmation on breakout with volume. Breakouts are prone to failure in weak markets – risk management is key. 🔹 Fundamentals: Market Cap: ₹26,226 Cr Stock P/E: 124 (High Valuation ⚠️) Book Value: ₹40.5 Dividend Yield: 0.02% ROCE: 18.7% | ROE: 18.9% ✅ Sales Improving YoY but OPM% needs improvement EPS Improving, Profits Rising ✅ 📌 Final Thoughts: Monitor price action near ATH – strong volume breakout = potential buy. Weak market structure means all setups carry a higher failure risk. Company fundamentals are decent, but valuations are stretched. 🔍 Do your own research before committing capital. This is a potential mover but needs confirmation!
NSE:PGELLong
by sagartharayil
Tanla Platforms Swing -Double Bottom + CT Breakout with Volumes 📈 Technical Breakdown: Double Bottom Formation at the base, signaling a potential reversal (though weak). CT Breakout on the Daily Timeframe (DTF) (White Line). Higher Timeframe (WTF) Resistance Zones marked by Yellow Lines, acting as hidden reactive resistances. Massive Volume Spike Today – the highest in recent times, confirming strong breakout momentum. 🎯 Trade Idea: A clean breakout from the CT with blasting volumes suggests a 1:1 trade opportunity at max for now. Price might face resistance at higher levels, aligning with the yellow CT lines. Need to watch if price sustains above the breakout zone for further continuation. 💬 Huge volumes—smart money stepping in or a trap? What’s your view? Let me know in the comments! 👇
NSE:TANLALong
by Averoy_Apoorv_Analysis
SARDAEN - Breakout WatchlistWhy This Stock? ✅ Base Breakout – Breaking above ₹526.2 with strong volume confirmation (4-5x past trading sessions). ✅ Trading Above Key DMAs – Strong price structure with good RSI. ✅ No Left-Side Resistance – Clean chart structure with potential for an uptrend. ✅ Formation of W Pattern + VCP – Classic bullish continuation setup. ✅ Resisted Market Fall – Showcasing relative strength despite overall weakness. Safe traders wait for a weekly close above the break-out level ₹526.2. Key Levels 📌 Entry: ₹538.50 📌 SL (Closing Basis): ₹423.10 📌 Breakout Level: ₹526.2 Fundamentals (Key Metrics) Market Cap: ₹18,979 Cr. Stock P/E: 27.9 ROCE: 15.3% ROE: 14.1% Sales Growth (YoY): Improving OPM % YoY Improving EPS YoY: Improving. What Could Go Wrong? ⚠️ Overall Market Trend is Bearish – Any weakness in broader indices can drag the stock down. ⚠️ Sectoral Index is Weak – Lack of sectoral strength may limit upside potential. ⚠️ High SL Probability – Strong pullbacks can invalidate the breakout; hence, buy test quantities only. ⚠️ Deep SL Why This is Worth Watching? 📈 Stocks that Fell Less in Correction – Often become early movers when the market stabilizes. 📈 Volume Picking Up – A good sign that institutional interest might be present. 🚨 Disclaimer: This is not a trade recommendation but a watchlist alert. Do your own research before making any trading decisions. 🚨
NSE:SARDAENLong
by sagartharayil
2
Amber Enterprises Breaks Out from Double Bottom – Bullish ViewHello Everyone , i hope you all will be doing good in your life and your trading as well. Today i have brought a trading idea on the double bottom chart pattern. Stock name is Amber Enterprises. So let's start guy's Amber Enterprises (NSE) has given a strong bullish breakout from a double bottom pattern on the daily chart, indicating a potential trend reversal . The breakout has been accompanied by strong volume , confirming buyers’ dominance at current levels. If the stock sustains above the entry zone of 6190-6135, it could gain further momentum towards the first target of 6663, followed by 7171, and a long-term target of 8094. A stop loss should be placed below 5473 to manage risk effectively. This setup presents a good risk-to-reward opportunity for swing traders, but proper risk management is crucial before entering the trade. Fundamental Ratios Market Cap ₹ 20,886 Cr. Current Price ₹ 6,175 High / Low ₹ 8,177 / 2,991 Stock P/E 94.0 Book Value ₹ 624 Dividend Yield 0.00 % ROCE 10.2 % ROE 6.74 % Face Value ₹ 10.0 Industry PE 42.4 Debt ₹ 2,032 Cr. EPS ₹ 65.9 Promoter holding 39.7 % Intrinsic Value ₹ 1,819 Return over 5years 33.5 % Debt to equity 0.96 Net profit ₹ 232 Cr. Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions. If you Found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.
NSE:AMBERLong
by TraderRahulPal
7
Trading Tutorial: How to Identify & Trade a Bullish Reversal📚 Trading Tutorial: How to Identify & Trade a Bullish Reversal – Eicher Motors (EICHERMOT) Example 🚀 🔹 Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Stock market investments are subject to risk. Please consult a SEBI-registered financial advisor before making any trading decisions. 🔍 Step 1: Understanding Price Action 📊 Eicher Motors’ Market Movement on March 7, 2025 High: ₹5,107.10 Low: ₹4,995.60 Close: ₹5,094.40 (Higher than previous close of ₹4,988.30 ✅) What does this indicate? Price closing higher may signal buying interest and potential continuation of an uptrend. 📌 Key Support & Resistance Levels 📍 Resistance Zones (where price may face selling pressure): ₹5,136 → ₹5,177 → ₹5,247 📍 Support Levels (where price may find buying interest): ₹5,024 → ₹4,954 → ₹4,913 🔍 Market Observation: If the price moves above ₹5,136 with strong volume, it could indicate further momentum. On the other hand, a move below ₹5,024 may suggest weakness. 📊 Step 2: Moving Averages – What Do They Indicate? Moving averages help traders analyze trends: ✔ EMA 50 (₹4,993.31) – Price is above this level, indicating short-term strength ✅ ✔ EMA 100 (₹4,946.79) – Price is above this level, supporting medium-term bullishness ✅ ✔ EMA 200 (₹4,785.34) – Price is above this level, indicating a positive long-term trend ✅ 💡 Key Insight: Many traders consider stocks trading above major EMAs as bullish, while those below could indicate weakness. 📈 Step 3: Volume – An Important Confirmation Tool 📊 Recent Volume Data: Today’s Volume: 648,307 (Higher than the previous day’s 551,830 ✅) 🔹 Why is this important? An increase in volume often suggests stronger market participation. Traders often look for higher-than-average volume during breakouts to confirm reliability. 🔥 Step 4: Understanding the “Double Bottom” Pattern A Double Bottom is a bullish reversal pattern that traders look for in technical analysis. It occurs when a stock tests a support level twice before moving upward. Eicher Motors’ Double Bottom Formation: 1️⃣ The stock fell to ₹4,646 (First Bottom) – Buyers stepped in. 2️⃣ It dropped again to ₹4,755 (Second Bottom) – Buyers defended this level. 3️⃣ The price broke ₹5,075 (Neckline Breakout) – A key level that traders watch. 📌 Educational Note: Many traders wait for a neckline breakout with volume before considering this pattern confirmed. 🎯 Step 5: How Traders Approach This Trade Traders use different strategies to enter a potential trade based on risk appetite. Here are three common approaches: 🔥 Approach 1: Early Entry (Higher Risk) 📍 Entry Consideration: ₹5,107.10 📍 Stop-Loss Consideration: ₹5,025 📍 Potential Target: ₹5,500+ 💡 This approach is for traders who prefer early momentum but accept higher risk. 🐢 Approach 2: Confirmation Entry (Moderate Risk) 📍 Entry Consideration: ₹5,139.50 📍 Stop-Loss Consideration: ₹5,075 📍 Potential Target: ₹5,500+ 💡 This approach is for traders who prefer waiting for more confirmation before entering. 🎯 Approach 3: Retest Entry (Lower Risk, Best Risk-Reward) 📍 Entry Consideration: ₹5,075 (if price retests breakout level) 📍 Stop-Loss Consideration: ₹4,950 📍 Potential Target: ₹5,500+ 💡 Some traders wait for a pullback (retest of the neckline) for a better risk-to-reward ratio. 📌 Educational Note: No strategy is foolproof. Traders manage risk by using stop-loss orders and adjusting position sizes accordingly. 🚀 Step 6: Trade Management – A Smart Plan Many traders scale into positions for flexibility: ✅ Partial Entry at ₹5,107.10 (to capture early momentum) ✅ Adding more at ₹5,075 (if price retests the breakout level) ✅ Final confirmation at ₹5,139.50 (if price shows strong upward momentum) 📌 Why this plan? ✔ Reduces risk by avoiding all-in positions. ✔ Provides better pricing if the breakout retests support. ✔ Allows traders to adapt based on price action. ⚡ Final Takeaways 📌 Observations from this Setup: ✅ Price is above key moving averages (bullish trend). ✅ Volume has increased, which is often seen as positive confirmation. ✅ Double Bottom Pattern – A reversal pattern that traders watch. 💡 Educational Insight: Some traders wait for higher-than-average volume on a breakout for better confirmation. 📚 Closing Thoughts – How to Use This Information Remember: This analysis is for educational purposes only. Traders should: ✔ Conduct their own research before making any trading decisions. ✔ Use risk management techniques (like stop-losses). ✔ Consider consulting a SEBI-registered financial advisor for personalized guidance. Would You Watch This Setup? Let’s Discuss! 🔹 What’s your preferred trading approach? Comment below! 👇 🔹 Follow for more technical analysis tutorials & market insights! 🚀
NSE:EICHERMOTEducation
by simpletradewithpatience