Double Bottom
GSFC Short term view- Bullish1.Indicators are showing bullish signals.
2.Double bottom pattern formed and breakout done.
3.Weekly MACD crossover may happen on upcoming weeks(If weekly closing above 116,it may go further upside)
Vijayaraghavan.K,
Kovilpatti.
Rattan Infra made double bottom with bullish divergenceRattan Infra made double bottom with bullish divergence.
Double Bottome Reversal !Nicely formed double bottom pattern gave breakout and and trading decisively above the neckline. One can buy the stock now for a double bottom pattern target of approx 1900. which offers a reasonable Risk to Reward trade. RSI above 50 is also confirming the trade.
Entry 1810
SL 1770
Target 1880 - 1900
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Double Bottom Reversal good RR tradeThe stock seems to have reversing the downtrend. It has formed double bottom with higher RSI reading and now trading above the Neckline. It is offering a good Risk to Reward trade as details given below
Entry 221
SL 212
Target 250 - 253 - 259
RR Ratio : 3
RSI is also confirming the trade decsion.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
DOUBLE BOTTOM BREAOUT ON THE VERGE IN BEML NOV FUTDOUBLE BOTTOM BREAOUT ON THE VERGE IN BEML
WAIT FOR IT
NOVEMBER FUTURES
BUY@640
STOP@620
TARGET@700
LOT:500
QTY:2
BREAKOUT OF DOUBLE BOTTOM PATTERN IN ESCORTS IN NOV FUTBREAKOUT OF DOUBLE BOTTOM PATTERN IN ESCORTS
NOVEMBER FUTURES
BUY@675
STOP@660
TARGET@720
LOT:1100
QTY:1
JUST DIAL - DOUBLE BOTTOM - TARGET 545 / 570 / 590++Double bottom formed at 420. Neckline at 520 around.
Big Surge in volume today in the candles testing the breakout level. (Confirmation)
Buy @500
SL 465
Target 545/570/590+
POSITIONAL TRADE IN APOLLO TYRES NOV FUTPOSITIONAL TRADE IN APOLLO TYRES
NOVEMBER FUTURES
CLEAR DOUBLE BOTTOM FORMATION
VOLUME PICTURE NOT SHARED
BUY@215
STOP@200
TARGET@250-60
QTY:3000
IF FEARING THE FALL CHOOSE OPTIONS
BUY 240 CE@2
TGT @8
QTY:3000
BATA INDIA_TREND ANALYSIS_FORMING DOUBLE BOTTOMBUY BATA INDIA ABOVE 950 FOR TARGETS 960/970/980 SL 926
DOUBLE BOTTOM BREAK-OUT IN LUPIN OPT FUTSWING TRADE IN LUPIN
DOUBLE BOTTOM BREAKOUT
OCT FUTURES
BUY@885
STOP@870
TARGET@920
LOT:700
QTY:1
DOUBLE BOTTOM IN EIL OCT FUTURESSWING TRADE IN EIL
OCTOBER FUTURES
DOUBLE BOTTOM
BUY@110
STOP@105
TARGET@117.5
LOT:3500
QTY:1
Long Bank Nifty Short TermBank Nifty has created double bottom on hourly charts. One can long bank nifty with target and stop loss suggested on the charts.
Trailing stop loss should be followed if target hits as bank nifty also looks oversold so a technical bounce back is expected.
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Ashok Leyland short term view- BullishIndicators are showing reversal. Daily Bandbollinger narrow range,PASR turns positive,CCI crossover,weeklly PSAR turns positive and others. That will lead to achieve the target on coming days. Pattern wise, Parallel line breakout, Inv.Head and shoulder and Double bottom are going on. Refer chart for Target and stoploss details.
Vijayaraghavan.K,
Kovilpatti.
AJANTA PHARMA LTD : DOUBLE BOTTOM1. ENTRY : Closing Above 1126.70 ( Closing above the Neckline )
2. Minimum Price Target : 1350 ( Adding the difference between highest high made and lowest low during the formation to The Neckline )
3. Stop loss : 900 (Usually, price closing below the second bottom is a stop-loss.)
Only Problem While treading Double Bottom is it's having a 1:1 Risk Reward Ratio, When Minimum Price Target reached. So apply your money management wisely.
For Example : If you wanna Risk 5000 as a Maximum loss then Trade, Risk Amount / Stop loss Points = Quantity to be traded.
5000 Risk Amount / 226 Stop loss in Rs. = 22 Shares to be traded to Earn apx 5000 as Profit.
Statistics says that 70% of Double meets predicted price targets.
Assuming 10 trades.
7 wins = 7*5000 = 35000
3 loss = 3*(5000)=(-15000)
Net Profit After every 10 calls will be 20000.
As said earlier because Double Bottom Reversal Pattern having a 1:1 Risk to Reward ratio Need to Pick trades carefully.
Always Keep your Risk Profile low When you have RR less then 1:2.
Double bottom formed in Nifty reality sector.Double bottom formed in reality sector.
W pattern or double bottom formed exactly near 0.5% retracement level
Same bottom formed in 2 times..
Very bullish sign. we can go long with same keeping same low as stop loss i.e 251.
Risk reward ratio is awesome here
