BUY AXIS BANKBUY AXIS BANK IF IT BREAKS AND CLOSES ABOVE 757 ON WEEKLY CHARTS. TARGET: 807 SOPLOSS: BELOW 757 CLOSING ON WEEKLY CHARTS
Double Bottom
TATA STEELAfter making a double bottom it is now attempting to complete the Bullish Harmonic Dragon Pattern which suggests levels of 490 and 575. The view would go wrong if it sustains below 420. Double confirmation is weekly close above 440
NCC BullishFake Double bottom for NCC and RSI Bullish Divergence
BUY NCC @ 52.30
TGT1: 55.10
TGT2: 57.90
SL: 49.55
Double Bottom (Volume Confirmation)M&M looks good for investment (buy on dips). Targets and SL mentioned in Chart.
Castrol Bullish - Trendline Breakout, Double Bottom, Bullish DivBuy Immediately with Stop Loss of 141, Trend-line Breakout along with double bottom formation, also Bullish Divergence
Expiry strategy: Sell 230 Put >1. Stock tumbled from 310 level to 235 levels in the last 5 weeks.
Recently, it witnessed sharp bounce back from low around 235 by following a reversal double bottom pattern with volume. MACD also confirms the reversal.
Any fall could invite fresh buying in this stock. Expect the stock to expire above 230 level in Oct series. Lot size:2400
Double Bottom and Head & Should Double Bottom and Head & Should , wait for the confirmation and use the swing to buy
Crude Oil Long position opportunityThere is a double bottom formation in the Crude oil weekly time frame , if the price closes above the entry point indicated in the chart we can take a long position with expected target indicated
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
HDFC Bank form Bullish W or Double Bottom PatternHi Traders,
HDFC Bank Forming Bullish W or Double Bottom Pattern can go Long on every dip.
Bullish View on stock due to below point:
1) Stock forming Bullish W Pattern .
2) Stock was taken support at 2150-2160 zone & bounce with Good volume [ Avg volume greater than 20 day ].
3) Bounce happen from support was Big Green Candle
4) Stock Moved above 200 sma (Golden Crossover) mean stock is in bullish zone.
What indicator are suggesting:
1) RSI moved above 50 & Advance breakout from previous high which mean bullish in near term.(See the chart)
2) On Balance Volume has given Advance Breakout .(See the chart)
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
Trend reversal in USDINR Buy Both cypher pattern and double bottom conforming the uptrend, target is next monthly resistance.
Bullish divergence: Possible reversal in Natural GasOn the daily time frame, a bullish divergence can be seen as well as a possible double bottom has formed.
Double Bottom Reversal The stock has nicely formed the double bottom reversal pattern so one can expect that the long term downtrend has been reversed for time being. It has retested the neckline yesterday and bounced from that level. One can buy the stock now with the SL of low of today and continue with the trade for the target of 472. It offers a good Risk to Reward ratio of 3.50.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Double Bottom Formation in SUNPHARMA , Long Position opportunityThere is a double bottom formation in SUNPHARMA , we can go for long position with target mentioned in the chart , stop loss might be quite high as we catched the pattern at mid stage
The optimal stop loss would be 363.5
Will Nifty form double bottom by hitting level @ 11111 ?Note: this analysis not for intraday..
As per my analysis nifty perfectly hit the support, which was act as an resistance previously..
if it breaks in 1 or 2 days it will go to the next target level and form double bottom @ 11111.......
Not big difference only 308 points more ... In current situation nifty will easily hit this target... currently closed @ 11419.....
Since this is day chart time frame this target will reach minimum 1 week...
Let’s see in coming week....
t.me
YouTube :
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Cyclic double bottomThis for educational purpose.. double bottom.... Target neckline perfectly achieved....
Icici lombard Double bottom breakout above 1090 ,
buy with SL 1042 ,for tgt 1126/1160/1180 in comming days
Double Bottom in ASIANPAINTSThere is a formation of double bottom in ASIANPAINTS and hence if this week close above 1465 , we can expect it to reach the target provided in the chart
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
Long position opportunity in INDUSINDBKDouble Bottom pattern has been formed in INDUSINDBK and hence we can take a long position with the target and stop loss as indicated in the chart
Double Bottom formation - BANKNIFTYThere is a double bottom formation on BANKNIFTY we can expect some uptrend tomorrow
Double Bottom Formation for BALKRISIND Up Trend Ahead !For BALKRISIND ,there is a double bottom formation in the 1 hr chart signalling the re-tracement of the daily chart downtrend has started , if the price closes above 738.5 we can go for a long
position and the target will be 764
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)
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
