SHALBY Buy-Above 130 Sl-112 T-155 165 180 Short Term To Mid term SHALBY has been in correction phase since last 7 months. On 4th April the stock has given trendline breakout of the whole correction phase. Suggesting some kind of retracement of the down move. Stock has made double bottom and the neckline is also tested. Stock is good in Short term to mid term.
There is a support from 44 MA and as well as there a double bottom .Stop loss is just below the moving average and the support and resistance area.You can also choose 50 but i prefer 44MA Risk and Reward is 1:2 . Also double comformation is giving by support and resistance area . Trade must go on for one week or so .
MAS FINANCIAL SERVICE Although Stock is in downtrend, we bet soon Uptrend will start On weekly Chart Inverted Flag pattern can be seen On Daily Chart we can see Double bottom pattern Buy At CMP for positional targets of 650/700-725 levels Keep SL of 480 Mid to long term View ---- Note: Above levels are for education purposes only Do your own analysis...
Textbook double bottom pattern at neckline test. The stock also strictly followed a downtrend while respecting a channel. Possible breakout supported by following points : 1. Double bottom confirmation 2. Fundamentally strong stock 3. Channel breakout
India Glycol has given breakout of double bottom pattern, this week with a life high, this breakout have unlocked huge targets for itself. MACD has also shown a positive crossover. RSI is supporting the up move which further provides confidence.
Symphony had given a much awaiting breakout above 1090 which it has tested earlier two times but faced resistance but now with rising volume it has significantly crossed the level. Also double bottom is visible which is a reversal pattern and now its a conformation of that. Both RSI and MACD are showing positive signs and supporting the up move. In short term...
NSE:DIVISLAB Double Bottom BO possible on chart. Buy after BO confirmation with SL below previous swing low (AROUND 4375). 1st Target 4650, 2nd target 4800, 3rd positional target 5000. ** EDUCATIONAL PURPOSE
BTC in one day time frame is Bullish forming double bottom, if its able to break neckline may goes to moon:)
nifty will reverse from here because of some reasons i mentioned above this analysis is only for educational purpose
As we see lalpathlab is forming doubble bottom . We can go long after it breaks trendline and 50ema and go short if it breaks last day's low. Targets are mentioned in the chart itself.
Double bottom or W pattern has formed .These both are reversal patterns so nifty is expected to move up from here. We can wait for little retracement then buy. Disc:Only for educational purposes
3 weeks earlier also I had published an idea saying that USDINR could soon see levels of 76, and my target achieved. Now, it looks like its ready for 76.5 by giving breakout of double bottom pattern with rising RSI and positive MACD crossover .
Nifty Futures (04 Mar) Gap down opening low made 16235 It would be double bottom pattern formation. If prices sustain above these level for more that 2 hours. then we can see a decent bounce back
Spike In volume in 2nd Bottom Compared to 1st Bottom Both Indicating an uptrend
CITY UNION BANK CMP 131.80 double bottom and W pattern in the formation can bounce till 174
Wipro looking good for swing trading 1. break out of trend line 2. rsi divergance 3. 50% retracement level of fibonacci 4. double bottom so overall looking good to buy only when 02.02.2022 high broken if you agree with my idea please do like. thank you !!
OFSS has formed a double bottom structure in hourly charts with MACD crossover , which shows it can once again test the levels of 3700-3750. Long OFSS near 3600-3625.
AJANTPHARMA Share MAKES DOUBLE BOTTOM on 4hr. time frame. Its indicates market reversal.