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Double Bottom

RELIANCE - Available @ great Risk : Reward (Swing Trade)The analysis is done on daily TF hence price may take days to a few weeks in order to reach the targets. Trade setup is explained in image itself. At this position, one can get great Risk : Reward as the SL is quite low as compared to Targets. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:RELIANCELong
by TradewithAditya
DOUBLE TOP TUTORIALEducation Double Top chart pattern A double top chart is a classic bullish reversal, which signals end for bullish rally. This chart pattern help traders to exist their trades if they go long on certain instrument and get prepared for selling opportunities after the break of neckline. This chart pattern should only be considered when there's existed bullish rally on a timeframe. And sell trades should strictly be taken only after the break of neckline. Traders can target next demand zones and stop loss above neckline or previous resistance.
BITSTAMP:ETHUSDEducation
by CELGIB_TRADING
Few Most Profitable Chart Patterns1) Double Top, a Bearish reversal chart pattern It is a trend reversal chart pattern formed after good bullish price movement (a continuous upward price movement for a good duration) where the upward price movement loses its steam (formed a first top) and it retraces a bit (to neck line or mid point). Then again it moves in direction of original trend and reaches the first top level there by forming second top . It again cannot move above first top and start moving to neckline (NL). Once the neck line is broken its fall in price is steep. There starts a downtrend. Target The Height of the tops will be taken as a target. Stoploss It is recommended to keep a stop loss of 1.5% above the neck line. 2)Double Bottom, a Bullish Reversal Chart pattern It is a trend reversal chart pattern formed after good bearish price movement (a continuous downward price movement for a good duration) where the downward price movement loses its steam (formed a first bottom) and it retraces a bit (to neck line or mid point). Then again it moves in direction of original trend and reaches the first bottom level there by forming second bottom . It again cannot move below first bottom and start moving to neckline (NL). Once the neck line is broken its rise in price is steep. There starts an uptrend. Target The Height of the bottoms will be taken as a target. Stoploss It is recommended to keep a stop loss of 1.5% below the neck line. 3)Cup & Handle, A Bullish Continuation pattern It is a pattern where the Price movement of a chart resembles a teacup . It consist of two parts: 1) A cup: A cup formation happens when the price moving in a uptrend shows a pull back followed by a consolidation period which makes the bottom of the cup and finally the reverse back to upside continuing the uptrend. Usually the pattern looks like a 'U' to round bottom. The deeper the 'U' or round shape the reliable the pattern is. 2) A Handle : After the formation of right highs of a round cup, there is a pull back before continuation of the trend which forms the handle of this pattern. It is formed in the right hand side of the cup. Entry: A Neckline breakout supported by huge volumes is the confirmation of this pattern that the previous trend has resumed. Trade should be taken only after the neckline Breakout Target : The height of the cup will be taken as a target. Stoploss: Stop loss should be placed under the handle low
HEducation
by Divyaapugal
4
TEGA Industries B/O and reversal from bottomThis stock has made double bottom in Daily time frame and has reversed the trend. The stock is trading with good volumes so liquidity wont be an issue. the stock is new to market as this was listed recently through IPO window and has created a great returns through listing gains. profit booking in the stocks by big players led the stock to decline. now it is slowly gaining the momentum. Place strict stop loss according to your risk appetite and holding period. do not allocate major chunk of the capital to any stocks, diversify your investments across various sectors and caps. This is not a recommendation. this is my view for the stock I and urge you all to do your own research and analysis before investing. Note. Nifty has been in a bull rally since few weeks now and a small correction can be seen in coming days. A red candle bigger than previous one day / two days candle is the sign to sell and to save the capital. (applies to all short term positions of the trade) once the capital is saved we can take another trade at any time. Cutting the losses is the key. I have attached below the links for related ideas, please have a look and share your opinions on that in the comment box below. Thank you see you soon with another idea.
NSE:TEGALong
by harshith67
coromandel - Equity / F N O / Intraday - swing - long termNSE:COROMANDEL INTRADAY - SWING - LONG TERM Date of analysis : 27 January 2021 Time Frame : 60 Minutes Graph Pattern : Double Bottom RSI Indicator : RSI Bullish Divergence Observation : 1. Accumulation between 745 - 750 2. Trendline Breakout in zone of 745 - 750 3. Important support 725 -730. 4. After channel breakout Trend will be bullish. 5. Price action, indicator and pattern indicates possible Bullish move after channel breakout. Intraday : 768 - 770 / or as soon as channel breakout/ or accumulation zone 745 - 750. Stop loss : Not more than 2% Target For short term / SWING = 466 - 780 - 795 - 800 (Strong Resistance) - after managing to break 800 underlying will move very fast Long term Target - 466 - 780 - 795 - 800 - 815 - 880 - 910 - 950 Note : FnO Trader can go long in Future with Married Put strategy (Buy Future + ATM Put)
NSE:COROMANDELLong
by FalgunPrajapatiTrading
spandan : Twizzer Bottom , Bullish Engulf, Multiple BottomNSE:SPANDANA Price Action : Twizzers Bottorm - Bullish Engulf RSI: BULLISH DIVERGENCE Pattern : Double/Multiple Bottom Probability to break Green Trendline Observation: Buy with Given Target. Trendline breakout will be the Long opportunity for given Target Buy: @ 343.5 - 370 Stoploss : 330 Target : 390 - 408- 440 - 484- 500 - 510 + + + + + + + + + + + + + + + + + + Note: Never Trade without stop - loss.Long term Stop loss should not be more than 4 %
NSE:SPANDANALong
by FalgunPrajapatiTrading