TCS ready for Rally ?TCS has formed rounding double bottom, looks like it set to rally if it breaks neck line at 2840
Double Bottom
A possible BreakOut in IOCDouble bottom formation in IOC giving a strong signal of possible breakout. If breakout happens it can give some good long position.
Breakout in PNB PNB has given breakout ( double bottom pattern as well as long term trend line) on daily chart . This breakout is supported with huge volume . post breakout, it has tested the support and ready for fresh upmove. Minimum upisde should be about Rs 50
Disclaimer : for education purpose only
GAIL INDIA LTD- W PatternGAIL India Ltd daily chart shows a beautiful W pattern. It is likely to follow the W pattern. The dotted lines shows the probability of the movement. If everything falls in place, it might complete the W pattern. A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. The double bottom looks like the letter "W". Can go long with trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
Suntv - Double BottomSuntv broken neckline of double bottom with volume and rsi above 60 on daily TF. Targets on chart...
HDFCLIFE | Excellent risk reward & Rejection downsideHDFCLIFE | Excellent risk reward & Rejection downside + RSI divergence
CMP : 570
Target : 640
Stop loss : 540
1:7 risk reward setup :D
Long Tata Consumer 1. Price broke above the downtrend trendline and making higher lows.
2. Double Bottom confirmed as the neckline (494.20) broke with a huge volume.
3. RSI Divergence: Price making lower low but RSI making Higher High (see daily chart, low made on 14 Oct and 21 Oct 2020)
4. RSI in Harmony: Price making higher high but RSI making Higher High (see daily chart, high made on 15 Oct and 27 Oct 2020)
buy only above 510
Target 530/560/580
SL 483
CIPLA A BUY BASED ON EXLANATION GIVEN IN IDEA POSTPLEASE CLICK THE IDEA TO SEE REASON FOR BUY SIDE SUGGESTION IN SCRIPT
disclaimer - buy @ own risk.
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
BULLISH CYPHER & Double BottomNSE:KEI has taken support around the Harmonic PRZ & Trend has reversed.
After a sharp fall, price formed a Double Bottom Pattern & near Breakout.
If it breaks above 350, expecting a 10% up movement
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
Ready to breaka double bottom base of 5 weeks.
its a 2nd stage base so buyable.
you can call - undercut and rally or wyckoff's spring
its near all time high.
Dabur India Ltd BuyDobour india about to break trend line. Already double bottom formed near resistance.
