TVSMOTOR | Small swing opportunity - W pattern for 12%TVSMOTOR | Small swing opportunity - W pattern for 12%
CMP : 585
SL : 559
Target : 657
Simple 1:2+ risk reward setup
Double Bottom
Good opportuniy to invest in GOLD.All observations on chart.
MULTIPLE CONFIRMATIONS & EXPLANATIONS OF DRAWINGS
As you can see gold bounced tom 38.2% fibonacci level a good level to buy the dip.
19% correction from the top till pre covid levels
Falling channel pattern visible on charts, usually gives good move on the upside.
Double bottom pattern breakout given today.
Price comfortable above 20 moving average & made a new swing high
Overall this is attractive price to enter from long term view.
Advance Enzyme Bullish BiasGreat Set up
Can be bought at CMP or on breakout
Best RR comes =when the price retest the breakout levels i.e. 360 levels
SL 328 levels
Target 1: 420/425 levels
Target 2: 450/460 levls
personally expecting to breach ATH in coming months
Aplltd has formed double bottom on daily chartThe stock of Aplltd has formed double bototm price pattern which is a signal of reversal of trend, we can expect a breakout above 950 level and SL will be below 900 for the target of 1026.
Buy Tech Mahindra Buy Tech Mahindra near 1020-1025 area Stoploss 1000 Target above 1050
Study: Double bottom Breakout ..It can be called as Triple Bottom and stock is trading near retesting Zone
HeroMotocorp longDouble Bottom with Morning Star pattern formed on daily timeframe
If if closes above today's high tomorrow then double bottom targets may be seen.
JUBLFOOD | Looks good for a small swing - 15%JUBLFOOD | Looks good for a small swing - 15% (This is only for short term - momentum)
CMP : 2815
SL : 2650
Target : 3200
1:2 risk reward setup
Double Bottom Formation Hello Readers,
Presenting you opportunity to cash profits from this STOCK.
DOUBLE BOTTOM FORMATION DONE..
BUY in BULK from Today(07-4-21) to Enjoy profits.
US market turned Bullish within 4 days and now its our turn to take a hold on Bears..
Buy MastekBuy Mastek near 1225-1230 level ,Stoploss 1180 Target above 1300
Study : Double bottom formartion Retest zone of 1225-1230 ...Good RR Trade
XAUUSD - Gold - Double bottomPrice formed double bottom and moving up strong. Equally sliver also making falling wedge which should break and move up.
Both the patterns are at the edge of breakout, Corona second wave is in full swing !!!
INFOSYS - Tale of Double bottomsA Cup and Handle pattern being formed inside the Parallel Channel.
The Cup made double bottoms and not its the handle that has repeated that.
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NIFTY ON 15 min time frame.Nifty50 has been performing the way we analyzed. Sustaining below 200 ma show bearish pressure. Gap from Feb 1st BUDGET DAY has been filled and tested once but we can see some range trading tomorrow which can help NIFTY50 to test the support(gap) levels again making it a DOUBLE BOTTOM PATTERN & W PATTERN. Both patterns are trend reversal patterns. Trade safe tomorrow, as market might end up in range because of expiry and lot of Hedging positions.
BANKNIFTY ON 15 min CHART PATTERNBanknifty has formed double bottom pattern on 15 min chart. If we look closely it is approaching towards its resistance level. Tomorrow we have news on INTEREST WAIVER. So we would suggest to wait until the decision. If the decision favors for market one should go fir long positions ne cause there’s a chance bank nifty might break 200 ma and change its trend.
BANKNIFTY TRADE SET UP (MARCH WEEK 4)The market has been correcting for the past several days and BankNifty has moved down 11.5% from the high it made in February. This has presented some good shorting opportunities. While the market trend in the very short term remains bearish and long term trend being bullish , there is heavy volatility on either side.
After correcting for 4 consecutive sessions, the index had a good recovery on Friday, which may have trapped all the bears. If we observe the trend for the last 1 month of the 15 min chart, we can see how we are currently trading at the bottom end of the downward trend. The index has also made a very nice looking double bottom or W shaped patterns, which generally happen to be reversal patterns. Also, on Thursday's sell off BankNifty re-tested the 50% retracement level from the rally after the budget. Considering the region where the double bottom formation has occurred, I think it is highly likely that the market reverses from here and at least re-tests 35,000. I am more biased towards the bullish side for the coming week, although I am prepared to consider the short side as well incase the Thursday low is broken.
These are my personal views and I reserve the right to be wrong. Please trade with proper risk management.
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BIOCON "Swing Trade"Due to the earnings declaration the prices were hammered, and hence was opened as gapped down,
Reasons For Selecting:-
1.Trendline acting as a support
2.Stock respecting Fibo levels
3.Double bottom pattern
4.Gap Filling.
placing a stop-loss @ 375,
Followed by the Targets 1 & 2
HCLTECH 1D DOUBLE BOTTOMFormerly formed rounding bottom + throwback and then double bottom (intermediate) shows signal of strength. The only confirmation, waiting for is volume expansion after all time high breakout. Nonetheless bullishness is apparent NSE:HCLTECH
