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Double Bottom

RUCHIRA : Perfect Double Bottom exampleRUCHIRA : On my Radar from July-18th, when trendline breakout happened on Hourly time frame. Here is the history- 2022-07-18: ADX/DI+ are >25. Cross WK Piv Upside - Shooting Star. Close is above SMA-20 on D/Wk/M time frames. 2022-07-19: Crossing 4 week High. RSI crossing above 60 on M/W/D time frames. 2022-07-22: ADX > 28 2022-07-27: Cross WK Piv Upside, Bullish EngulfingOn Daily time frame SMA 13> SMA 34> SMA 55 & Close crossed D13 Up. 2022-07-28: Stock In Squeeze - 3 days, Gravestone Doji & Normal NR7 2022-07-29: Normal NR7 - Breakout 2022-08-01: Close Crossing 4 week High, Out of Squeeze, on Monthly time frame 20-SMA Cross Upside 50-SMA 2022-08-02: Doji Star (Watch) 2022-08-04: SMA 50 crossed SMA 100, Based on the chart pattern, if sustains above 132.95 - we should be seeing 143, 153 and 175 levels soon. Wait for the re-test to complete and enter after your own research.
NSE:RUCHIRALong
by rvc8280
Multiple Reversal patterns in Nifty IT !!!As visible on charts CNXIT has given a breakout from multiple reversal patterns which are Island Reversal, Double Bottom, Inverse Head & Shoulder. CNXIT has formed double bottom around 26450 along with RSI divergence and finally given its breakout at 28600. The index fell with a gap and also reversed with a gap hence, leaving behind an island and showing an island reversal pattern. Along, with above two patterns, inverse head & shoulder are also visible which further conforms to a reversal in the IT sector.
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NSE:CNXITLong
by Chaser30
10
TATA POWER - Short-term Swing callTATA POWER - Short-term Swing call 1. Double bottom formation. 2. If it moves upwards and opens and closes above 215 then the target will be 235. 3. It's a short-term trend, not for the long term. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:TATAPOWERLong
by ravi15684
1