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Double Bottom

Dhanuka Agritech | Will Monsoon help?Price action of Dhanuka Agritech exhibits a sustained weakness in Weekly time frame. The stock has consistently formed lowers and lower highs until recently. By analyzing the recent price action, we could see that the two relatively new lows formed are at the same level indicating that bears might be losing steam. In fact previous weekly candle was huge thereby breaching a falling trendline. Assuming that the recent recovery will continue, the stock might be en route towards 475-490 levels. There we could also spot 23% of Fibonacci falls. If the stock happens the breakout from that level, we can agree on the possible Double bottom which only accelerates the stock further upwards. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:DHANUKA
by AkhilSuryaFS
TATA ELXSI ANALYSIS- PLAYING W/ DOUBLE BOTTOMLets look at the analysis ---> 1> EW ANALYSIS :- Assuming this trend from 1490.9 level in corrective phase, we will assume impulse wave completed at 830.1, after that it slightly got complicated, still we will keep prefer count as B as flat, now we might be in wave c of B. 2> Classical TA :- a. the downtrend channel has given a breakout b. formed a minor double bottom (named as double bottom 1) with neckline at 911 (marked with red horizontal line) c. formed a major double bottom (named as double bottom 2) with neckline at 1002 (marked with violet horizontal line) d. given a bullish divergence in oscillator(RSI) e. bearish momentum has weakened and TS is about to make crossover w/ KS in ichimoku cloud f. scrip got major support at 830/35 range. 3> Putting it all together :- a. With current momentum and counting internal EW, it should touch the neckline of double bottom 1 at 911, if it breaches 869 without touching 911 levels, then it is something to take a quick look at the analysis again. b, After breaking neckline decisively, we might see up-move towards 1002, which is neckline of double bottom 2 and height of double bottom 1. It might face some hurdle around 950 levels, that can a point to look for. c. After breaking neckline decisively of double bottom 2, we might see up-move towards 1150/1195, this level again is height of double bottom 2 and 50% retracement of Fib levels. At the same level, there might be completion of wave c and B. Overall, we need to keep in check with the swings of the scrip as it has not yet given breakout to any of double bottoms. Regards, Sharma Yogesh
NSE:TATAELXSILong
by yogi_sharma_elliottician
Tata Chemicals | Double Bottom - WeeklyDouble Bottom pattern observed in Tata Chemicals. Neck level was broken in second week of May thereby confirming the pattern. The recent fall could be counted as neck level retesting. In that case the stock will move up to 672 where the pattern target falls. However, a trendline still holds and we could see noticeable resistances at 635 and 658. A break above 635 will be key. Hence, if resistance at 635 fails Tata Chemicals could move swiftly towards double bottom target. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:TATACHEM
by AkhilSuryaFS
Auropharma - Elliottwaves - Will It Repeat The Fall of 2016!!!Auropharma Profile Page at in.tradingview.com Note - Use Signature Field to put 3rd party links / website details / social media details which comes as a part of “Premium subscription” (Promoting 3rd Party Links apart from premium version –do check with the moderators as it could violate house rule ) Reach Moderators in.tradingview.com Pricing Details for TradingView Subscriptions at in.tradingview.com Trading Strategy Long Term Strategy Plan A Expect Explosive Move Upside -------Only Above 895-Double Top & Targets – 1200/1350/1600/1750 in next few years ahead Plan B Holding Below 895 –Double Top –Expect Downside Move & Targets – 697/700 620/630 500/525 Going Below 500 – We shall review later & we don’t deny downside targets of 450/350/250 years ahead. Previous Ideas 22nd Aug 2016 20th Oct 2016 13th May 2017 8th Nov 2017 1st June 2018 5th Dec 2018 Thanks for watching this video & Your Support ----------- “Don’t forget to support and share”.
NSE:AUROPHARMAShort
by WaveTalks
20
Nifty- 29th April 2019 - How will you sell ? - X -Wave MissionWe are now in Plan F as mentioned in the video idea published on 9th April 2019 9th April 2019 - Elliottwaves - Let us make some wedges ------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Once Head & Shoulder Pattern gets activated as explained over the video look for below mentioned targets Activates below 11550 Target - 11300-11325 Target - 11125-11150 Risky Traders Selling below 11850 for targets 11665 11550-11575 & continue with head & shoulder strategy as mentioned above. Safe Traders Selling below 11800 for targets 11665 11550-11575 & continue with head & shoulder strategy as mentioned above.
NSE:NIFTYShort
by WaveTalks
9
Tata Coffee-Enjoy the Coffee in The Cup Thanks for your precious time & do put your feedback below in comment section - I would love to hear from you. Most of us can learn as well - ----------------------------------------------------------------------------------------------------------------------------------------- Correction - Sorry using "circular shape" over the video - Its a curve shape from 168 to 185 - silly mistake -happens. ----------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Plan A - 19:57 Hrs / 14th March 2019 Last Price@95.35 Buy If you get dip somewhere close to 90 & 85's - obviously you should throw away the cup if 80 gets broken that should be understood. Target 1 120-140 Target 2 Above 140 - 175-185 Target 3 Above 185 - It should not move below 175 post crossing 185 highs then look for 250-280's as suggested over the video. ------------------------------------------------------------------------------------------------------------------------------------------- Image of the Coffee on 26th Aug 2018 Enjoy the Coffee in The Cup - With Double Bottoms@80 Cup & Handle Pattern A cup and handle price pattern resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern typically has low trading volume, and may be as short as 7 weeks or as long as 60-75 weeks- roughly a year and half. The fall from 185 in Nov 2017 shall complete a year in Nov 2018 so that would be the period or time zone plus couple of months more- one should be alert as its aroma could spread across the globe & everyone would be interested to take a sip. Cup and Handle Stops and Targets A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level, and extending that distance upward from the breakout. Successive breakout zone shall be above 175-185 & I am taking conservative target measuring 85 points which is depth of the cup above 168-170 zone or above 185 as shown over the video, which gives a roughly target zone of 250-280. Once it breaks out & above 140 key level –make sure it never returns back below 140-135 zone else that could be risky. --------------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Suggested on 26th Aug 2018 --------------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Long Term Strategy Plan A – Wait for the stock to cross 140 & upper trendline of the handle & maintain stops below 135 once it crosses above 140 – Target Zone -175-180 & Above 185 – as 250-260. Plan B - Look to buy above 175-185 zone & keep in mind –price should not dip below 175 after crossing the zone of 175-185- Target Zone 250-260. Plan C - Plan to buy in 80-85 zone with strict stops below 80 – if goes below 80 –Throw the broken cup. Short Term Strategy Plan A – We look to sell from 115-117 zone with stops above 118.50 for target 112 – 106- 101 Plan B – Buy above 118.50 for 121-123 zone - book & out. Plan C – Sell from 122-125 zone with strict stops above 128 – Target zone -118 -112-106 - 101 --------------------------------------------------------------------------------------------------------------------------------------------
TEducation
by WaveTalks
10
EUR/AUD Technical analysisThe pair is confined within the ranges of 1.57393-1.60778 for the past 2 months. It can be construed as ABC correction and the pair is assumed to in bull cycle. The value of 1.57393 provided strong support to the counter and it reversed the pair from the downtrend. A double bottom pattern formed at the formidable support of 1.57393 is actually the wave 1 and 2 of the bull cycle. The break of the trendline and the formation higher high also adds strength to the above theory. Currently, the pair is testing the broken trendline which can be used as a ‘buy on dip’. We expect the pair to reach the resistance level of 1.60778 and we will update you regarding any change in our view.
Long
by traderpulse