Double Bottom
INFRATEL | W Pattern and about to take trend line support (18%) INFRATEL | W Pattern and about to take trend line support. Can see 18%
CMP : 177 (Buy range 173 to 174)
SL : 170
Target : 205
Banknifty - Was expecting a breakup - went ulta !!Was expecting the price to break the triangle pattern and move further up to get rejected from 30000 levels but went ulta !! cutting the triangle down infact deep down !!! I set an alert to take trades after that lines to break :)
Now price is almost in the process of making a double bottom and it will open gap up for tomorrow . . . lets wait and see.
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NSE: HAVELLS - A SUPPORT OF DOUBLE BOTTOMNSE: HAVELLS has been in an uptrend since June-July 2020 after a heavy fall due to COVID-19. The DOUBLE BOTTOM formation is observed in the daily and weekly charts. The analysis has been done from macro to micro timeframe (Monthly --> Weekly --> Daily). The current view on the stock is to go long with given levels.
I suggest you do your own analysis before investing. This is my perspective based on my understanding.
Trade Status = ACTIVE
Double bottom - still 163 above is good.Price made a double bottom at 140 level and went up by 13 points last trading day. Still 163 above is the buying level as discussed previously but when you see a double bottom one can risk with small stop loss and definitely you will be in a good position when it reaches 163 !!! Think about it.