Bitcoin HazardThis looks a bit scary on the technical basis as you can clearly see an Double Bottom Pattern and that also on a Monthly timeframe so. Moreover you can see The Hilega Milega Indicator is also very bearish as its showing a bearish divergence which is really scary. It is slightly tense to look at the chart of BTC. However we have to see whether the price will follow its history or the Whales will beat the price action and take it to 1 million dollars till 2030 as per the ARK Survey.
Double Bottom
Nifty 27Jan'22: Possible Double Bottom on the intraday charts Another negative close from the Nifty benchmark index today – losing 173 points to post a close at 17,110. The day's loss could have been worse, but thanks to the banking and financial stocks, especially the public sector ones, which led to a phenomenal upward momentum leading to a decent bounce back for the Nifty index from its intraday low of 16,862. The underlying short-term trend of the index is down, and its the intermediate trend which is now vulnerable for a reversal. Many sectors like IT, Pharma and Media have already turned down on its intermediate timeframe and can be looked at as shorting opportunities. We have an early sign of a double bottom reversal pattern on the intraday charts of benchmark Nifty, and so this can lead to some bounce back, if at all, in the following few training sessions. However, that does not mean that strategically one should go aggressively bullish; on the other hand, one should be extra careful as the degree of underlying volatility is still exceptionally high.
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Bullish View in DaburBullish view based upon the following points
1. Clear double bottom pattern at a support level.
2. Trendline Breakout
3. Possible H&S Formation
Dabur can be added at CMP of 584, till 565.
Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions.
#hiebro
SWING & IntradayWhy this Trade..??
1. DOUBLE BOTTOM
2. Broadening Triangle
3. Fibonacci 50% Retracement
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
cosmofilmseducational idea - cosmofilms has given the breakout and we expect the stock May go for given target levels to inspire us,Please like the idea If you agree with the analysis.
TINPLATEeducational idea
Tinplate we expect the stock May go for given target levels to inspire us,Please like the idea If you agree with the analysis.
Channel BO & Double bottom BO - Praj Inds on daily chartbeautiful set up on chart, long consolidation... Channel BO candidate, double bottom candidate, RSI BO, RSI @ 69 (good) & Increase in volumes over the consolidation period...all makes it a perfect BO candidate..a perfect text book example!.wait & watch..will it give a BO?
Disc : Invested, not a reco for Buy/sell
aditya birla moneyshare name : aditya birla money
call type : positional
- share is forming double bottom pattern
- golden retracement of 0.618
- a good consolidation can be seen between the
level of 70 and 60
- Double bottom formation
- we can accumulate this share above 70
- Approachable targets 88, 105
- stop loss 65
thanks
Tatasteel double bottom breakoutHello traders, tatasteel tapped into demand zone made a double bottom there and gave a breakout from the same.
I was somewhat late to publish this idea so look to buy on a retracement for above targets.
Buy above - 1130
Targets mentioned in the chart above.
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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
AMBIKA COTTON at Trendline Resistenceit has formed double bottom on daily chart.
trading near trendline resistance line.
RSI is at previous swing high (60), but price has not crossed previous swing high. either stock can consolidate here or breakout in RSI can push stock price higher.
5 - 15 % rally possible here.