Zeel- Double Bottom2 rounding bottoms combining with double bottom pattern and then consolidation near resistance level & 200 ema seems good.
Today's volume and closing gives a better sign tooo.
Keep an eye folks. Happy Trading.
Double Bottom
infratel longwith small sl of 187 you can watch long.....double bottom formation plus RSI positive diversion after neckline breakout can give good movements on positional basis.
Vikram Thermo (India) Ltd: A Momentum setupVikram Thermo (India) Ltd: A Momentum Trade. Can enter at INR 109.20 if breaches with volumes. SL at INR 104. High volumes are observed weekly basis. Watchlised for now.
Pidilite - Stick to it - LONGProfits will stick to those who stick to Pidilite. Afterall, the company manufactures Fevicol!. The Price action has an almost perfect setup for going long - double bottom, consolidation, a nice rejection candle with a long tail. Technical indicators are positive too - RSI Bullish Divergence among other indications. The blue horizontal lines are Gann Levels - an indicator that I published and use extensively for finding S/R levels. Will go long above !400. There is a trend line resistance at 1424.5 which is also a key level for W confirmation. Targets are 1456 and 1480
BHARTIARTLBhartiartl make double bottom pattern in 30 min chart so you can add in your Buy Watchlist.
Banknifty 21240 seems to be the only important levellWeekly charts looks all set to form double bottom and if 21240 level breaks, we can easily see 2000+ points rally upwards.
DOUBLE BOTTOM FORMATION IN HDFC..!!!Double bottom formation is very bulish pattern and looking at market conditions it will surely workout.
one can go long after the breakout of accumulation zone.
HDFC Life InsuranceHDFC Life Insurance on the verge of breaking out from Cup and Handle Formation.
Disclaimer: Sharing Ideas for educational purpose. Trade at your own risk.
NIFTY heading towards a W pattern/Double Bottom patternLooking at the fall in NIFTY today, which was quite predictable. it looks like this can be a trend to create a W pattern or a Double bottom.
To finish this pattern NIFTY might come down in coming 1-2 weeks, that's up to 31st March, 2020.
Once the double bottom is completed, we can see a great rise in the Indian Market.
Lets hope for the best.
ACC Double Bottom Chart PatternACC has formed a double bottom pattern at 1175 and also broken trendline on Friday. If tomorrow ACC and Nifty open on a positive note then ACC can go till 1210 and even touch 1240 if sentiments are highly positive for the coming 2-3 days. Also, watch out for support and resistance levels you can plan breakout trades if these levels are broken.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
NTPC - BO of WBP - Positional LongNTPC is now breaking out of the Neckline of the W Bottom Pattern, is a good buy for Positional Trade.
CMP - 90.5, Target should be 96/100 soon
