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
Double Bottom
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.
Double Bottom for Amaraja BatteriesDouble bottom on Price and RSI levels --- Plus Fibonacci Retracement of 61.8% touched.
Disclaimer: View for Educational purpose and not to be taken as a trading advice.
BATA INDIA with Double BottomBata India formed double bottom pattern between its 100 EMA and 200 EMA, we can long here with stoploss below 1819 for a target of 2025.
It may face resistance near 1920 and 1960,
Once it touches 1960, we should trail stoploss to 1919
and after touching 2000, we should trail our stoploss to 1960..
EICHER MOTORS LONGDaily chart of Eicher motors shows double resistance breakout plus double bottom formation
Auto Sector shows breakout too
Overall market seems strong till 17620 levels atleast
Can enter @2570 after a healthy retest with target around 2743
Main strict SL @2546 closing basis as there is chip shortage going on in auto sector.
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MUTHOOTFIN - Double Bottom, Morning Star, 200EMA support The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
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.
IOTEX SHOWING DOUBLE BOTTOM BUY SIGNFRIENDS IOTEX take a long same support and making double bottom pattarn this is good sign of buy and take some good profit in your portfoliyo but always remamber SL is very must and the risk reward ratio is 1:2 and as you much and take risk is your own anlaysis thank you and god bless you
LTI - already broke the ascending triangle - where will it go?LTI _FSP
LTI has already broken the ascending triangle and the W formation is also in completion. will the price give a break out or will the price will come back down again? what are your thoughts?
let me know in comments
Nifty - Emerging with Double Bottom Chart PatternHello Everyone,
Let's have a look at the technical chart of Nifty, can you see a double bottom formation on Nifty Charts? Do you think Nifty reversal started form here?
Yes I hope it is perfect double bottom chart pattern and the break out point of double bottom comes at 17470 & we can expect Nifty to reach at 18140 levels and further more.
The contents updated here are only for Educational Purpose.