#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
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.
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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TRIANGLE + DOUBLE BOTTOM POWER !I posted about berger paints few days back, those who followed must have booked some parts of their profits till now. But those who missed opportunity can now trade double bottom pattern which is also a bullish pattern.
My suggestion is buy only above 771 or 772. This is multi-pattern formation and both the patterns indicates bullish sign. How you all liked my analysis this is only for educational purpose , all feedback are welcome.
ZEEL breakout Trendline support more than 4th time in weekly timeframe
Failed to form lower low
Trendline breakout
Double Bottom
Good buying range above 203 with a candle close
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Understanding Cup and Handle pattern with ONGC1. Cup and handle pattern was defined by William J. O'Neil in 1988
2. It is considered as a bullish pattern continuation pattern
3. In cup and handle pattern, volume of the security should decrease as price declines and remain lower than the average at the base of the cup
4. The volume should pick up when the price of the security moves higher
5. Target is usually calculated as the price difference between the bottom of the cup and the resistance(depth of the cup)
6. The handle of the cup is usually a consolidation phase that is used to accumulate the stock
Let's not forget to thank ONGC for being a perfect example of Cup and handle pattern.
Hope you learnt something new. Please post in the comments if you have any queries and give a like if you found the post useful. Happy learning!
Regards,
Segan