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+
Double Bottom
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.
If anyone interested in more such fundamental and technical calls please visit our website wp.me
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
BTST IN DLF SEPT FUTBTST IN DLF
SEPTEMBER FUTURES
DOUBLE BOTTOM
BUY@213.25
STOP@211
TARGET@218
LOT:2500
QTY:2
EXACT DOUBLE BOTTOM MADE IN GTPL Hathwayexcellent oppurtunity to buy now in lowest value. Keep previous low as SL
POSITIONAL CALL IN LUPIN(OPTION TRADE ONLY) SEPT OPTPOSITIONAL CALL IN LUPIN(OPTION TRADE ONLY)
IS IT A RANGE BREAK-OUT TRULY OR NOT DEPENDS
UPON A CLOSE ABOVE 930
IF THAT HAPPENS BEFORE 3:30 TODAY
WE ARE SEEING A TARGET OF 1100 ON A LONG-TERM
CHARTS AND WE ARE NOT LOOKING FOR THAT
WE ARE LOOKING FOR 1050
SO WE ARE BUYING OPTIONS WE WILL BE PROTECTED WITH
REVERSAL WITH AN INBUILT -STOPLOSS
BUY 1000 CALL OPTION
BUY@13
STOP@3
TARGET@30
LOT:700
QTY:5
BTST IN INFY SEPT FUTBTST IN INFY
SEPTEMBER FUTURES
DOUBLE BOTTOM BREAKOUT CALLED PLAYED-OUT
PULLBACK PLAYED-OUT
NEW HIGH TAKEN-OUT
A CLASSIC UPTREND CHART
BUY@1440
STOP@1429.5
TARGET@1455
LOT:600
QTY:2
POSITIONAL CALL IN SUNPHARMACALL-3
POSITIONAL CALL IN SUNPHARMA
SEPTEMBER FUTURES
LONG-TERM RANGE BROKEN
DOWNWARDTRENDLINE BROKEN
NEW RANGE ENTERED FROM 588-TO 723
BUY@655
STOP@620
TARGET@715
LOT:1100
QTY:2
NOTE IF ONE CAN CREATE LONGS IN OPTIONS
I WOULD SAY ITS THE RIGHT TIME
ICICI MAY HIT 400 BY OCTOBER!!ICICI MAY HIT 400 BY OCTOBER
OCTOBER FUTURES TRADE
STOCK HAS FORMED A DOUBLE BOTTOM
ONLY THING LEFT IS TO CHECK WHETHER CLOSES ABOVE 360 ON WEEKLY BASIS
ON DAILY CHART HAS CLOSED ABOVE 360
SO FOR SHORT-TERM
BUY@344
STOP@338
TARGET@354
LOT:2750
QTY:2
OCTOBER FUTRES TRADE
BUY@344
STOP@328 WILL BE ADJUSTED ACC.TO VOLATILITY
TARGET@390
LOT:2750
QTY:5
NOTE IF PATTERN CONFIRM TARGET WOULD BE BIGGER
POSITIONAL CALL IN HINDPETRO SEPT FUTPOSITIONAL CALL IN HINDPETRO
IF I AM RIGHT WE MIGHT HAVE FOUND THE
CRUCIAL SECOND BOTTOM IN HINDPETRO
FUTURES TRADE
BUY@255
STOP@249
TARGET@290
LOT:1575
QTY:2
Prawn Lovers be ready to eat..Double bottom Avanti feedStock made exact double bottom with Divergence
hindustan petrol looks a good longstock is at a good support level with a perfect "W" pattern formation and can be entered at cmp around 250 with a stop loss of 245 for a target of 290 levels.
Personal View for educational purpose only.
HDFC Bank - Bottomed out ?After a month long consolidation from 27 July, looks like HDFC bank NSE:HDFCBANK may have bottomed out.
The stock has underperformed for the past month even as some other banks like Axis and ICICI have made new highs.
I can see that it has taken long term trendline support around 2060 zones and also formed a Double bottom on the daily chart.
The stock also seems to be reversing from the 61.8%-78.6% retracement zone of its previous upswing.
Looks like a very good buy candidate for successive targets around 2113 and 2140 with a small stop loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
