GODREJCP - Double Bottom SetupDouble Bottom Setup , Pin Bar and Followup buying seen. Good time to Enter
Double Bottom
HIKAL - Double Bottom SetupDouble Bottom Setup with Rising Volume, Fundamentals are strong and closing above breakeven can take it higher
Short term Analysis for Nifty PharmaNifty Pharma shows Double bottom in the daily time frame. Just to double confirm, even RSI is showing positive divergence. The chart is indicating a medium term bullish. SunPharma being the dragger, you can go through the chart of sunpharma. Also, suggest any good stock in pharma if you have any.
Adani Ports And Special Economic Zone LimitedDouble bottom reversal pattern in Adani Ports And Special Economic Zone Limited
Schneider Electric Infrastructure LtdDouble bottom reversal in Schneider Electric Infrastructure Limited form support line. Also there is bullish MACD crossover
Mindtree (Hourly) - Double Bottom Chart Pattern Mindtree (Hourly)- Double Bottom Chart Pattern
Current market price - 4653
Target - 4893
Bollinger band is challenged on the upper end
RSI is above 60
Stochastic 14,3,3 is in positive crossover
ADX is above 15 and +DI is above -DI in Directional Movement Index
On the daily tide, all indicators / oscillators are positive too
MACD of the daily tide is uptick
Elliott wave count
Price is in 3rd wave in hourly timeframe
Price is in 5th wave in daily timeframe
RIIL - Double Bottom with Rising VolumeRIIL has made a Double Bottom Pattern + Weekly Congestion + Monthly Rising Volume, Closing above Breakeven is a trigger point to Buy and Hold for 1:1 Reward
BLS | W Pattern / Double bottom - Potential for 25%BLS | W Pattern / Double bottom - Potential for 25%
CMP : 211
SL : 190
Target : 270
1:3+ risk reward setup
We traded this stock already and it has already doubled. Now taking small trade again.
DTF short term sellTrade based:
Weekly market reach the fib extension 1.
In day tf market form a DT and also market broken the DT. it indicates short term market in sell trend.
when market retest the braked support then we can go for sell
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.
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
