Possible W Pattern ?Double bottom support, Take off can be possible from here to achieve Target 1 at neck line and Target 2 at ATH.
Double Bottom
Emami LtdDouble bottom pattern in Emami. Also delivery percentage was 76% on last trading day which is 26% higher than 5 day average delivery percentage
HERO MOTOR CORPNSE:HEROMOTOCO is good fundamental company.
on a daily time frame stock is making rounding pattern, and taking very strong support from the 2640 level.
and also making double bottom at the downtrend
one can add this stock for short term target of 2951.
SOLARINDS - Double Bottom Setup - LongDouble bottom Setup on top of weekly congestion spotted near 52 week High.
HDFC AMC case studyHarmonic pattern formation
Chart pattern formation :- double bottom, symmetrical triangle formation
divergence on rsi..
Waiting for price action confirmation
lets see whats in store,,
learning is best thing to do in life... we all are students of market, dont skip learning
HINDPETRO | Promising consolidation - Looks good for 50%HINDPETRO | Promising consolidation - Looks good for 50% - Big move above 232 zone.
Making of W pattern
Consolidating in Flag
CMP : 220
SL : 200 (Just for this position)
Target : 330
1:5 risk reward setup
Nifty spot case studyMultiple harmonic pattern plotting and elliot wave formation
double bottom, rising parallel channel formation
Lets see whats in store..
Go long on DBCORP above 105Structure looks bullish to me. I will be taking position once it closes above 105. My targets are 120,130,140. Will be exiting if it closes below 90 on daily closing basis.
I'm not SEBI registered. This analysis is purely for educational purpose. I am not responsible for your profit or loss.
Thank you
Pinnacle Trades.
HEROMOTOCORP BOTTOMED OUTHeromotocorp has been in down trend from last few days and again we have spotted an opportunity for swing trading. it is forming a double bottom and can reverse from the CMP. Keep watch
CANBK | NSE | INDIA | ANALYSISThis is the pure PRICE ACTION based analysis of Canara Bank stock.
Since it made a double bottom with rsi divergence, it has to come up.
Also it is consolidating up side with rsi also, there is more likely to go long.
#29/10/2021 #HEROMOTOR #SWING #Double Bottom#29/10/2021 #HEROMOTOR #SWING #Double Bottom
Levels are marked in the chart
1. Flag Breakout & retested 2. Ready to break Double bottom Neck1. Flag Breakout & retested
2. Ready to break Double bottom Neckline
1. Ascending triangle formation 2. Golden cross & Retested 1. Ascending triangle formation
2. Golden crossover & Retested
3. Double Bottom
4. Volume profile Support at 85.50 Rs
5. Buy above 90 on Weekly Closing for Triangle Breakout
TECH MAHINDRA - Double bottom Breakout with huge volume1. Double bottom Breakout with huge volume
2. Volume profile POC breakout at 1450
3. Buy above 1450 on 4hr candle closing
4. Stoplose 1400
Double Bottom Pattern and RSI Divergence In NIFTYNIFTY forming double bottom pattern near 18050 level. It indicating reversal sign in NIFTY. Once it gives breakout of it's neckline level then possible we will get 18580+ target in nifty according to the chart pattern.
#NIFTY Intraday Support and Resistance Levels - 25/10/2021NIFTY indicating formation of double bottom pattern on chart. For today session expected nifty will move upside upto 18320+ level. This level become the neckline of this double bottom pattern. In case nifty gives breakout of this level then there will be strong upside movement possible in nifty.
Will LUPIN be mooning soon? Buying opportunity & analysisFirst of all, let's understand the current structure, LUPIN is currently making flat Bottoms so yes! a double bottom is in the making. Here RSI which is forming higher highs higher lows structure basically contradicts the price which is forming flat bottoms so this is what a bullish divergence looks like! So now we will plot Volume profile which shows highest traded zones over the chart and the current zone comes under the highest traded zone. Another term POC (point of control) which signifies the particular price level and it's 979 and according to simple price volume analysis we know whenever POC is broken by bullish candles it indicates that bulls are now back in power so this is our third confirmation. Look at the volume expansions in the area so I've made my point clear here. Now,
To Summarize!
we can enter above 991 (safe entry) or otherwise right after breakout of POC with a strong bullish candle with volumes.
SL Below 915 (Logic; if the bears somehow returns we've a strong support at 917 so in this case a SL below the 915 would ensure that our SL does not get hit and after that a triple bottom might form but the chances of this scenario are less but still always have a backup plan.
T1- 1144
T2- 1246
Logic; based on prev . resistance zones.
I hope I made this setup easier to understand. Feel free to ask any queries below. Happy Investing!
Reliance Ready to BOOM!!! - BULLISH CONTINUATIONOn weekly Candle, It formed Flag Pole & Double Bottom , Indicating Breakout of Length of Size of Flag/Pole.
Support Levels: 2090 - 2010
Target Levels : 2400 - 2600
Note: This is for Education Purpose only
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON TATAMOTORS.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
TATA MOTORS ANALYSISIn weekly time frame,the stock has formed double bottom pattern,and also had a break out from the neckline.
we can see good upside move.
Targets are given in the chart.
recommended this stock when it was in 280 price range
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON HINDPETRO.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
TVS Motors Ascending TriangleNSE:TVSMOTOR CMP: 564/-
set to breakout in Double Bottom formation with Ascending Triangle Pattern..
also it is giving 200EMA BO at the same time..
Which indicates Stock is ready for long term reversal..
One can Initiate LONG with SL near BO candle Low (545/-) or below 200 EMA at 550/- (shorter)..
Target of Triangle Pattern BO would be DEPTH of pattern..
first small target of 595-600, and positional target of this pattern 625-630
Always Trade with Proper Stop Loss..
**Educational Purpose
LUPIN Creating DOUBLE BOTTOM PatternLupin taking support at trendline in daily time frame near 913 now it has created double bottom pattern in daily and 15M time frame.
if it has broke the consolidation zone from 945 and trying for a retest. if the retest will pass with huge volume then we can see upside rally till 1000 or 1085 from CMP.
you can go long for a swing trade if good directional volume breakout is seen.
