NIFTY 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 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.
First 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...
On 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
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...
In 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
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...
NSE: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...
Lupin 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...
ALGORAND Cryptocurrency (ALGOUSDT) for swing - Bullish or Bears?
Hi guys, yet again with a new hyped, crypto altcoin; ALGORAND (ALGOUSDT) with a simple price action and chart pattern analysis.
The negative news has halted the crypto market which has resulted in panic. The sentiment analysis is filled with Fear (33% at the time of posting this video which has...
Jindalsteel looking too good to me Targets could 400 and above
*Reasons for selection:
Multiple Chart Patterns
1.Flag& Pole pattern
2.Discending Triangle Pattern
3.Bullish Wolf Wave Pattern
4.Double Bottom Pattern
HDFC bank look good on weekly basis. if its close above the 1642 on daily basis go long.
as it from double bottom on weekly chart and trading near all time high.
chart seems promising.
this idea not for trading only for investment purpose at least for 6 month.
