Double Bottom
VAIBHAV GLOBAL Looks BullishVAIBHAV GLOBAL is following Double Bottom Pattern and gave the confirmation at neckline by giving a retest. It is good to move up. Can reach till 480 or above.
BTC READY TO HIT 68500Bitcoin has formed a double bottom pattern, and the RSI is moving out of the oversold zone, confirming a potential upward trend. My targets are $63,000 and $68,500.
Ramco cements ltd., Looking going; short term investmet; Add this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "840".
Trade carefully untill ENTRY level.
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Entry: 840 / 780
Target: 870-915-1040-1100
sl: 815 (840) / 780 (765)
major stoploss / support: 780.
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer old posted idea attached below.
NLC India:(Ready to shoot up); Take a look; Min 40% RoiHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for Breakout & then Daily candle to close above - "281"
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If you want to enter now "Go for it with stoploss".
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Enter after Price Breaks
"Yellow box" mentioned.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Follow for regular updates.👍
BANKNIFTY BY KRS ChartsDate: 20th Aug 2024
Time: 2:48 PM
Correction Phase over in BN?
1. In D TF, it was correcting in Downside channeling and on 6th Aug it made its final low for that correction
2. During whole Aug, BN was a sideways so far and made Double Bottom with 6th Aug and 14th Aug low.
3.Today BN finally Breakout neckline of D Bottom and sustaining the levels.
Target ~51750 and likely new upside move will continue from these two lows.
Double Bottom Reversal - Pullback TradePrice is oscillating in the critical area ( Point of control), presence of immediate resistances.
For upward movement, Price needs to close above 550.
This week price action is going to be crucial
Ethereum Breakout? Inverse Head & Shoulders Pattern Ethereum has formed an inverse head and shoulders pattern on the 4-hour time frame, which is typically a bullish reversal signal.
For confirmation, ETH needs to break above the $2,450 resistance level.
Once this breakout is confirmed, the price could target the $2,800 level, indicating a potential upward move.
Keep an eye on volume during the breakout for further confirmation of a strong rally.
AAVEUSD headed for double bottom target?AAVE token made two lows in April and July of this year
On RSI this resulted in a divergence, as the prices made a new low but RSI failed to make a new low
This was followed by a failed attempt to break the neckline to the upside.
Finally in August we saw the token successfully break the neckline inspite of weakness across the crypto space
This breakout has sustained and now AAVE seems headed to hit it's double bottom targets
NMDC Steel Ltd NSLNISP (Trend Reversal Setup)NMDC Steel Ltd NSLNISP is on trendline support on the daily time frame with good volume. The stock can head towards 60, 65 in short term. Stop loss can be placed at today's low which is 52.91.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
JMFINANCIL Analysis!NSE:JMFINANCIL Analysis on a 4H Timeframe!
Short Term Movement Analysis on JMFINANCIL!
Double Bottom Pattern Formation in JMFINANCIL!
Double Bottom Neckline breakout at JMFINANCIL!
Analysis:
JMFINANCIL was in the Downtrend since 29 Jan 2024. We can clearly see it has made a Double Bottom Pattern. It also given the breakout to its resistance level which is nothing but pattern's neckline. After that it has retested the resistance level which becomes the new Support level. The bullish momentum started building after the breakout.
Consideration while taking the trade on Double Bottom Pattern:
1)Previous trend should be a downtrend
2)Volume at bottom 1 should be greater that Volume at bottom 2
3)The bottoms should be below 50EMA
Trade Setup=
Entry= Not recommend to enter now as price went way far from the breakout
Target= 110.78
Disclaimer = Consider my analysis for Educational Purpose only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Technical Analysis for Heranba Industries Ltd.:Technical Analysis for Heranba Industries Ltd.:
Trade Type: Swing trade for 6-12 months
Chart Pattern: Breakout of neckline
Entry Strategy:
Buy half quantity at Current Market Price (CMP)
Buy the remaining half on a retest or below ₹360
Stop Loss (SL): ₹392 for risk management
Target: ₹845
This strategy aims to capitalize on the breakout while managing risk through staggered entries. Monitor price action closely and adjust the stop loss as needed.
#HeranbaIndustries #TechnicalAnalysis #SwingTrade #StockMarket #BreakoutTrading #TradingStrategy #RiskManagement
Technical Analysis for Poonawalla Fincorp:
Current Market Price (CMP): ₹387
Trade Type: Swing trade for 6-12 months
Stop Loss (SL): ₹330 for risk management
Targets:
Target 1: ₹500
Target 2: ₹600
Monitor the trade regularly and adjust the stop loss as the trade progresses. Evaluate price action for potential target achievements.
#PoonawallaFincorp #TechnicalAnalysis #SwingTrade #StockMarket #TradingStrategy #RiskRewardRatio
TREND REVERSAL IN DYNEMIC PRODUCTS LTD"Dynemic Products Ltd." is about to change it's overall structure on monthly basis (bullish). In near time, we can see it touching it's ATH and also, making a new lifetime high. This is going to be a mid-to-long term swing trade.
Wait for a strong breakout on weekly basis for entry and volume should be a vital parameter to look for during breakout. The low of the breakout candle should be the stop loss. Target 1 (494) is calculated according to price action (previous swing high), and Target 2 is calculated using the XABCD Pattern of Harmonics. So, please do keep this stock in your watchlist.
Mangalore chemical:(Ready to shoot up); Take a look; Min 50% RoiHuge potential is there.
For short term investment ;
Leave a " Like If you agree ". 👍
.
.
Wait for Breakout & then Daily candle to close above - "135"
.
If you want to enter now "Go for it with stoploss".
.
.
Enter after Price Breaks
"Yellow box" mentioned.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Follow for regular updates.👍
IDFC FIRST BANK | Double Bottom | 62% RetracementEntry@74, SL-70,TG-84/98
IDFC First Bank Stock has complete 4th Wave and is now moving into 5th wave.
USDT.D Retesting Previous Support as New ResistanceUSDT.D Bullish Divergence and Double Bottom Signal a Trendline Retest
USDT dominance ( CRYPTOCAP:USDT.D ) has formed a bullish divergence on the 4-hour chart, along with a double bottom pattern.
These signals suggest that USDT.D is gearing up to retest the trendline. Meanwhile, Bitcoin and altcoins are likely to undergo a retracement, offering another healthy opportunity to enter long positions.
This setup indicates potential strength in USDT.D, which may lead to a temporary pullback in the broader crypto market before resuming the uptrend.
Polyplex - Classic double bottom chart patternClassic double bottom chart pattern formed in Polyplex.
Price has corrected from top and after 2 years forming a bullish reversal chart pattern called double bottom. Double bottom is a bullish reversal pattern is forming after a strong downtrend.
Price is printing lower top and lower bottom and finally price has settled at 760.
Twice touch bottom at 760 formed a support and finally breakout of price swing high 960 confirm the double bottom chart pattern.
Target would 1150..
PAISALO DIGITAL : Trading idea for a short term gainPAISALO DIGITAL has formed a double bottom pattern in a daily chart. It's a nice trading stock for a short term gain of atleast 15% to 20%.
🔰 Range : 67-68
🎯 Target : 75 to 80
🛑 SL : below 58
⚠️ Disclaimer : This is not a buy/sell advice. It's a view for purely educational purposes.
BTC MADE DOUBLE BOTTOM , NOW TARGETING 70KBtc made double bottom around 62.5k level and now bouncing Fromm the level were we need to clear bullish view , next targets are 66k , 67.5k, 69k and finally level of 70k. Support area is 62.2k.
RKEC - DOUBLE BOTTOM FORMATION WITH A BREAKOUTHi All,
THis idea is about RKEC Projects Ltd
Fundamentals
Mkt Cap - 308 Cr
Stock PE - 15
ROE - 12.5%
ROCE - 15.5%
Mkt Cap/Sale < 1
D/E - 0.83
Quick Ratio - 1.09
RKEC Projects Ltd is in the business of Civil and Defence Construction
Technical Analysis
As the chart depicts, the price went for a double bottom formation and give a contraction of more than 70% while forming both bottoms.
It has given a successful breakout and first resistance has been marked. This trade can continue till next results as it could give a surprise being in a sector which is having strong tail winds.
Happy Trading,
Thanks,
Stock-n-Shine
IndusTower looking good to BOOM💥; 40% swingAdd this to watchlist and wait for entry.👁️🗨️ 2024-2025
For short term investment ;
Leave a " Like If you agree ".👍
.
Wait for small retracement & daily candle to close above - "340".
Avoid Trade untill PROPER ENTRY level.
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Entry: 340
target: 400- 420- 478
sl: 315
major stoploss/ support: 290
.
.
Enter only if market Retrace and Breaks
"Yellow box" mentioned.
.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
.
Refer our old ideas attached below for Backtesting
Valiant Organics NSE by KRSChartsDate: 24th April 2024
Time : 10:45 Am
Valiant Organics has been in my watchlist for a long time,
Finally, it seems like its Wave structure of downfall is finished with March low point.
Now in ABC Wave Structure C Wave is likely to reach till Depth of Correction Point which means Prev point of 4th wave is new Target.
Apart from this There is a Double Bottom Chart Pattern is visible too with Bullish Div on Monthly TF with RSI.
More Confirmation had arise when on 1st April its Gap up and Now showing Positive Order Block on Weekly TF too.
SO, with a SL of 394 Rs. (D Closing Basis) we can long Valiant Organics for Target of 860+ Rs. But make sure if you want to little more safe entry it will be above POC line at any price.
