Get started

Double Bottom

Polyplex - Classic double bottom chart patternClassic double bottom chart pattern formed in Polyplex. Price has corrected from top and after 2 years forming a bullish reversal chart pattern called double bottom. Double bottom is a bullish reversal pattern is forming after a strong downtrend. Price is printing lower top and lower bottom and finally price has settled at 760. Twice touch bottom at 760 formed a support and finally breakout of price swing high 960 confirm the double bottom chart pattern. Target would 1150..
NSE:POLYPLEXLong
by Arvind_Share_Academy
1
RKEC - DOUBLE BOTTOM FORMATION WITH A BREAKOUTHi All, THis idea is about RKEC Projects Ltd Fundamentals Mkt Cap - 308 Cr Stock PE - 15 ROE - 12.5% ROCE - 15.5% Mkt Cap/Sale < 1 D/E - 0.83 Quick Ratio - 1.09 RKEC Projects Ltd is in the business of Civil and Defence Construction Technical Analysis As the chart depicts, the price went for a double bottom formation and give a contraction of more than 70% while forming both bottoms. It has given a successful breakout and first resistance has been marked. This trade can continue till next results as it could give a surprise being in a sector which is having strong tail winds. Happy Trading, Thanks, Stock-n-Shine
NSE:RKECLong
by Stock-n-Shine
2
IndusTower looking good to BOOM💥; 40% swingAdd this to watchlist and wait for entry.👁️‍🗨️ 2024-2025 For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - "340". Avoid Trade untill PROPER ENTRY level. . Entry: 340 target: 400- 420- 478 sl: 315 major stoploss/ support: 290 . . Enter only if market Retrace and Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer our old ideas attached below for Backtesting
NSE:INDUSTOWERLong
by TheNuraTrading
Valiant Organics NSE by KRSChartsDate: 24th April 2024 Time : 10:45 Am Valiant Organics has been in my watchlist for a long time, Finally, it seems like its Wave structure of downfall is finished with March low point. Now in ABC Wave Structure C Wave is likely to reach till Depth of Correction Point which means Prev point of 4th wave is new Target. Apart from this There is a Double Bottom Chart Pattern is visible too with Bullish Div on Monthly TF with RSI. More Confirmation had arise when on 1st April its Gap up and Now showing Positive Order Block on Weekly TF too. SO, with a SL of 394 Rs. (D Closing Basis) we can long Valiant Organics for Target of 860+ Rs. But make sure if you want to little more safe entry it will be above POC line at any price.
NSE:VALIANTORGLong
by KRSCharts
Frog Cellsat - Strong Fundamentals and Technicals.-> The company has shown a good profit growth of 151.97% for the Past 3 years. -> The company has shown a good revenue growth of 15.20% for the Past 3 years. -> The company has significantly decreased its debt by 6.08 Cr. -> Company has been maintaining healthy ROCE of 25.02% over the past 3 years. -> Company is virtually debt free. -> Company has a healthy Interest coverage ratio of 30.48. -> The company has an efficient Cash Conversion Cycle of 60.53 days. -> Company has a healthy liquidity position with current ratio of 4.44. -> The company has a high promoter holding of 74.10%. -> The company has a strong degree of Operating leverage, Average Operating leverage stands at 31.86.
NSE:FROGLong
by brijmohan_h
Dalmia Bharat - Double Bottom Chart PatternThe "Double Bottom" pattern is a bullish reversal chart pattern that suggests the end of a downtrend and the beginning of an uptrend. When observed in Dalmia Bharat's stock chart, this pattern indicates a potential increase in the stock's price. It took almost 2 months to complete the pattern. Key Characteristics: Shape: The pattern consists of two distinct troughs at approximately the same price level 1700, resembling a "W" shape. Neckline: The highest point between the two bottoms forms the "neckline." A breakout above this level confirms the pattern. Volume: Volume often decreases during the formation of the pattern and increases on the breakout above the neckline, confirming the bullish reversal. Current Scenario for Dalmia Bharat: Breakout: Dalmia Bharat's stock has already broken out above the neckline, indicating a confirmed bullish reversal. Retest: The stock is currently retesting the neckline, a common occurrence where the price returns to the breakout level to test its new support. Implications: Market Sentiment: The successful retest of the neckline can strengthen the bullish sentiment, suggesting that the previous resistance level has now become support. Entry Point: The retest provides an opportunity for investors to enter a long position at a potentially lower risk, as the new support level is confirmed. Target Price: The target price can often be estimated by measuring the distance from the bottoms to the neckline and projecting it upward from the breakout point. Target level 2000 - 2050 Example: If Dalmia Bharat's double bottom pattern had bottoms at ₹1,700 and a neckline at ₹1,850, the distance is ₹150. Following the breakout, the target price could be around ₹2,000 (₹1,850 + ₹150). In summary, the double bottom pattern in Dalmia Bharat suggests a bullish reversal, and the current retest of the neckline is a critical juncture. If the retest holds, it may present a favorable entry point for investors, reinforcing the likelihood of an upward trend. Regards Arvind Yadav. Cfa Arvind Share Academy
NSE:DALBHARATLong
by Arvind_Share_Academy
JUBLFOOD formation of Double BottomDouble bottom chart pattern formed in JUBLFOOD and pattern will active only after break and close above 470. It is also important to note that JUBLFOOD is bounced back from prior support level with formation of bullish candlestick called Hammer. Price is also pierced the downtrend line and currently price is consolidating near neckline. We have also found inside bar pattern near the neckline, if upside breakout is sustained then we can get sharp up move or else pattern will be invalid.
NSE:JUBLFOODLong
by Arvind_Share_Academy
TITAN FOR TARGET 3570Titan Company Limited is an Indian company that mainly manufactures fashion accessories such as jewellery, watches and eyewear. Part of the Tata Group and started as a joint venture with TIDCO, the company has its corporate headquarters in Electronic City, Bangalore, and registered office in Hosur, Tamil Nadu. Now i am considered titan for bottom fishing. i am expecting a good move in titan for 3/4 %. CMP : 3458 SL : 3360 TARGET : 3570 Note :This is not stock recommendation this only for educational purpose.
NSE:TITANLong
by rohanbangad
ELECTROSTEEL CAST - W formation! Overview & Observation: 1. Beautiful Double bottom formation. 2. Prices are showing weakness currently. 3. Might see some strength build up later once it starts moving ATH (200 levels) Trade Plan: 1. Just keeping it on my radar and will observe its price behaviour in coming weeks... - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:ELECTCAST
by SuperNova396
EQUITAS SMALL FIN BANK - Picture perfect 'W' setup w/ 40% upsideOverview & Observation: 1. Double-bottom formations. 2. Moving with W Demand. 3. EMAs support taken confirming the up trend momentum. 4. RRR is favourable Trade Plan: 1. Entry = Marked blue line 2. SL = 6-7% Marked red line 3. TP = 40% Marked green line - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:EQUITASBNKLong
by SuperNova396
#SOL/USDT Bullish Momentum: Eyes on the $250 Target#SOL/USDT Double Bottom Formation and $160 Support Retest: Eyes on $250 Target In the recent price action of SOL/USDT, Solana has formed a classic double bottom pattern, signaling a potential bullish reversal. This pattern, often indicative of a shift from a downtrend to an uptrend, is characterized by two distinct lows at approximately the same level, forming a 'W' shape on the chart. The key support level at $160 has been successfully retested, further validating the double bottom formation and providing a strong foundation for a bullish move. Technical Analysis Overview Double Bottom Pattern: The double bottom pattern is a reliable bullish signal that occurs after a prolonged downtrend. It suggests that selling pressure is waning, and buyers are stepping in to drive the price higher. The two bottoms at around the same price level indicate strong support and the potential for a trend reversal. $160 Support Retest: After forming the double bottom, SOL/USDT retested the crucial support level at $160. This retest confirmed the strength of this support level, as prices rebounded sharply after touching $160. Successful retests are often seen as confirmation signals, giving traders confidence in the new uptrend. Bullish Momentum: Following the retest of $160, SOL/USDT has shown signs of bullish momentum. Key indicators such as increased trading volume, bullish candlestick patterns, and rising moving averages support the notion of a continued upward movement. Price Targets Immediate Target – $200: The first significant resistance level to watch is $200. Breaking above this psychological level could attract more buyers and further fuel the uptrend. Major Target – $250: The primary target for this bullish scenario is $250. Reaching this level would represent a significant gain from current prices and align with the measured move from the double bottom pattern. Risk Management Stop Loss: It's essential to place a stop-loss order below the $160 support level to manage risk. If SOL/USDT falls back below this level, it could invalidate the bullish scenario and indicate further downside potential. Monitor Volume: High trading volume on upward moves is a positive sign, whereas declining volume could suggest a weakening trend. Keeping an eye on volume trends will help validate the strength of the uptrend. Conclusion With the double bottom pattern in place and the successful retest of $160 support, SOL/USDT is well-positioned for a bullish run towards $250. Traders should monitor key resistance levels and volume trends to confirm the continuation of the uptrend. As always, proper risk management is crucial to navigate potential market volatility.
Long
by crypto_vulture_signals
#BTC's Bullish Pattern: Double Bottom Sets Target at $64k! 📈#BTC/USDT forming a double bottom, bouncing from an important trend line, and making a bullish divergence, with a potential liquidity grab around $74k: --- **Title: #BTC/USDT Double Bottom Formation with Bullish Divergence: Targeting $74k** **Description:** **#BTC/USDT Analysis** **Pattern Formation:** Bitcoin (BTC/USDT) has recently formed a classic double bottom pattern, a strong bullish reversal signal indicating that the downtrend might be coming to an end. **Trend Line Support:** The double bottom is further validated by BTC's bounce from a crucial long-term trend line, reinforcing the bullish sentiment. This trend line has historically acted as a significant support level, providing a strong foundation for the current rally. **Bullish Divergence:** Adding to the bullish outlook, #BTC has also shown a bullish divergence on the RSI (Relative Strength Index). While the price made lower lows, the RSI made higher lows, suggesting a potential reversal in momentum. **Price Target:** If Bitcoin continues to follow this bullish trajectory, we can expect a significant move upwards. Given the strength of these combined technical signals, the next major liquidity zone is around $74k. This target aligns with previous resistance levels and potential Fibonacci extension levels, making it a logical area for price to reach. **Key Levels to Watch:** - **Support:** The immediate support level is the trend line around GETTEX:48K - $50k. - **Resistance:** Initial resistance levels are around $60k and GETTEX:64K , which are critical to breaking for further upside movement. - **Target:** The primary target is the liquidity grab around $74k, which could act as a significant profit-taking zone for many traders. **Trading Strategy:** - **Entry:** Consider entering long positions on retracements to the trend line support or on confirmed breakouts above $64k. - **Stop Loss:** Place stop losses below the trend line support or recent lows to manage risk effectively. - **Take Profit:** Gradually scale out of positions as price approaches $74k, adjusting stop losses to secure profits. **Conclusion:** With the double bottom formation, support from a crucial trend line, and a bullish divergence, BTC/USDT is showing strong bullish signals. Traders should monitor these levels closely and prepare for a potential rally towards $74k. Remember to manage your risk and stay updated with market conditions as Bitcoin continues its upward journey. Happy trading! --- **Chart Notes:** - Highlight the double bottom pattern. - Draw and emphasize the important trend line. - Mark the bullish divergence on the RSI. - Indicate key support and resistance levels. - Plot the target zone around $74k.
BINANCE:BTCUSD.PLong
by crypto_vulture_signals
1