Double Bottom
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
EURGBP W formation Long Bullish continuationIt is moving towards a W formation on the daily chart .
target1: breakout level after consoldiation
target2: breakout level
EURUSD Bullish continuation Double Bot breakout level nowas expected last week we saw eurusd breaking that huge H&S on the H4 chart resulting in a fast movment t
now we see a continuation of the pattern
1- H&S target have not been achieved yet
2- We have a double bot formation on the daily
3- big buying sentiment next to the breakout level
Motherson sumi doube bottom beakoutDouble bottom breakout on daily chart.
SL= 63
Target 1= 87
Target 2= 100
EURGBP IDEA / Buy oportunityGreat buy opportunity on EURGBP
After a huge decline we finally start to see some indications of trend reversal
- The price broke the lower tunnel trend
- Price retested after breakout and seems to be holding
- we see now a potential double top setup on he hourly time frame before it bounces back again and keeps raising
TP1 range for short term trade buy
TP2 level after double bot breakout confirmation
Pidilite Industries- My first trading ideaHello everyone, I am Kalpana Burman , this is my first trading idea on this platform. Please do like, follow and support me so that I can work harder and give better ideas to this community. Also, please feel free to engage in the comment section.
Analysis:-
As this stock has retraced at 61.8% from its low, this can act as strong resistance for the stock. For upside, the stock has to move above 1520 levels and hold above it for 1603 levels.
Plan A for upside - Wait for decisive breakout and hold above the resistance line.
Plan B for the downside - Wait for a small swing towards previous recent high around 1520 levels and then the breakdown of the channel. Or simply wait for the breakdown of the channel. We will look for divergence in the RSI as well. The easy target is 1427 level and if goes below that then 1328 is achievable. If rejected at resistance, aggressive traders can enter with proper stop and protected trade setup.
Thank you, please do support.
~ Kalpana
axis bank double bottom 4 hrs chart. axis bank makes a double bottom in 4 hrs.
neckline and penetration level mentioned.
for swing trade.
ITC (Long Term)Fundamentally Great Stock. One can start accumulating it. Wait for close above 150 level.
