TCS , LongBullish Structure is building in TCS , In short term we can see a good upmove and it will be forming its new all time high in coming day , Risk Reward is favourable at CMP .
Double Bottom
JAMMU & KASHMIR BANK (DOUBLE BOTTOM)IN JAMMU & KASHMIR BANK,
i see a formation of double bottom pattern and a breakout with really good volumes i personally bought the stock @ 25
hoping for a target upto 44
Double Bottom Formation - Monthly ChartDhampur Sugar is putting up a double bottom formation on the monthly chart.. Currently the price is at around the neckline. The PA on the lower timeframe can be observed for decisions around Trade Initiation.
Reliance Long (Double bottom breakout)Reliance has broken its double bottom neckline at 1207 & passed in retest now. Looks good for a long trade.
Biocon Bullish (W Pattern)Chart is self explanator, Can add near 390-395 levels for swing trades.
Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions.
Ethereum - 4H ~ double bottomEthereum is one of the most accumulated and stored cryptocurrency in the world. Ethereum is always a hot cake and now it is showing the signal with respective to technical analysis that it is about to pump .
ICICIBANK Possible Reversal.The resistance zone has been quite strong for icici bank, can possibly act as support now after breaking out.
If the formation of double bottom is completed and it breaks the trendline, high probability of reversal.
The levels of 630-635 are being defended by the buyers.
It is a confluence of multiple supports coming in.
The breakout if happens should nullify the formation of lower highs and lower lows.
Keep a close watch.
NSE:ICICIBANK
HCL TECH - DARVAS BOX BREAKOUT SOONAs you see the price it is struck inside the rectangular darvax box pattern as same as Nifty IT index.
Nifty IT index has made breakout the resistance and hit ATH, the same way we are expecting the HCL also break the upper resistance and enter into uncharted territory soon
KIRIINDUS | Double bottom / W structure - 30%KIRIINDUS | Double bottom / W structure - 30%
CMP : 464 (Dip 450, 440)
SL : 400
Target : 615
Normally i dont time the market, but this setup looks we can expect result in 5-8 weeks
Almost 1:4 risk reward setup
HCL TECH - Trade Setup (Monday)The stock is in consolidation phase, where a swing trade setup is been spotted on the daily chart.
The price action firstly made a double bottom on the previous support indicating buyers strong hold on that price range, indicative of buyers buying at support again to swing the prices up. Hence providing a low risk swing trade setup on daily chart.
T1- 950 I SL - 920 I Duration: 1-3 days
T2 - 970 SL - It may vary depending on the correction once T1 is achieved
T3 - 990 I SL - It may vary depending on the correction that will happen once T2 is achieved
HCL Future Trading:
1 Lot - 700
Margin - 1.5 Lac
T1 - Profit 14K (10%)
SL - Loss 7K (5%)
Double Bottom Formation - Ready to FireIT Index is in full swing again. After a success in Mindtree now I am bullish on Tech Mahindra for a swing Trade. Don't Miss at these levels, ready to fire. HCL Tech is also looking good for Swing Trade
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indiamart ....(double bottom) double bottom pattern
entry @6878
target 1 - 7785
target 2 - 8347
short term 13% ( 1month) for target 1
$JKLAKSHMI - Clear breakout from is All time High- JKLAKSHI - Breakout from its all time high
- Formation of complex double bottom pattern
- Increase in Volumes during bullish phase
- Breakout with huge momentum candlestick
- Entry after a retest at 580-585
#HDFCBANK Double Bottom & channel Breakout.#HDFCBANK The last few weeks, HDFC bank has been trading inside the channel and within the channel, we can clearly see that it formed a double bottom pattern. It has broken the channel and even re-tested the neckline of the double bottom and is now super bullish. The buyers will be dominating the next few days.
Educational purpose only - Trade at your own risk.
Good luck.
Double Bottom / Cup & Handle breakout OpportunityGrasim is on the verge of breaking of from a formation that can be considered as Double Bottom as well as a Cup & Handle. It's around the neckline if we consider it as C&H and the following on the last few green days is additional confirmation that this can give a good, successful breakout.
15 min chart NSE:BPCL ,LONGDOUBLE BOTTOM pattern formation in process
what are your views , very active stock keep on radar
Once again.......AUDCAD seems to be bullish as it has given a bullish breakout by breaking T3 while making a W or double bottom pattern.
One may enter in it now with stop loss below.
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Entry For Those Who Missed The RALLY !Traders, I posted about the sleeping giant before at around 752 and stock has given 12% return after that. Now stock is giving one more chance for those who missed the rally, after the breakout from double bottom pattern it is now retesting. This can be good risk:reward trade considering big targets and so small Stop Loss.
Heromoto Consolidation at support and bouncingHeromotocorp is leading brand of two-wheelers in India with most loved Splendour variants. It has bottomed out and made double Bottom pattern on daily and weekly chart. Buy with SL of 2750 for Targets 3300, 3400, 3500++ Time frame 2-3 months minimum..
(Disclaimr: Do your own analysis. I am not SEBI-registered)
All eyes on BitcoinBINANCE:BTCUSDT had started to crash from 12 May, 2021 and has been in downtrend. At this moment, we can see that it has crafted a W pattern or double bottom pattern and has given us a bullish breakout by breaking Trendline T1.
One may initiate a long position in it with a stop loss below 31000.
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