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Double Bottom

Infratel - Double BottomBharti Infratel NSE:INFRATEL stock is doing good for the past few days in a falling market and has shown a sharp reversal from the 308-311 support zone. I can see a double bottom formation here with a positive divergence. Good opportunity to buy this stock for the near term with a target of around 350 and stop loss a few points below 308. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
ILong
by nano6yogesh
Lupin – Double BottomLupin NSE:LUPIN came up with better than expected numbers (operational performance) yesterday and the stock saw good buying activity today. I can see a double bottom formation here with a positive divergence along with today’s bullish candle. Good opportunity to go long with a stop loss near ~ 720 levels and first target of around 815. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:LUPINLong
by nano6yogesh
Gelnmark – Double BottomAs mentioned yesterday, a reversal in pharma seems around the corner. The stock has formed a good Double bottom with divergence and a large Bullish candle indicating that Buying Momentum is picking up. Good opportunity to go long with a stop loss near ~ 500 levels for a target of ~ 582. (However, keep an eye on the results) Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:GLENMARKLong
by nano6yogesh
Tata Motors - LongTata Motors has been on a bearish run since 2017 correcting from 550 levels, nearly 40%. The stock has taken support on the major trend line which it has been following since 2011. The stock had seen bounce back from the same trend line at 326 levels in April and has seen similar bounce at same levels. One can go long with Target of 342/352/360, Keeping Stop Loss at 325. The stock is also seen forming a double bottom formation which can take the stock to 370 before reversal or break out. Break Out can further take the price around 399/400 levels.
NSE:TATAMOTORSLong
by geettanna
3
KAJARIA CERAMICS CHART PATTERN ANALYSISKajaria ceramics has formed two pattern which are very strong and bullish patterns in nature. The only difference is the time-frame It managed to form "Double Bottom" on daily chart(strong buy) It managed to form "Ascending Triangle Pattern" on weekly chart(positional long call) I am happy to see that the price has broken out of both these patterns in the same week Plus momentum indicators such as "RSI" and "MACD" have given confirmation and have gained strenth Stock is now bouncing constantly from its moving average We saw price break above 740 for the first time(on closing basis) since 14 month(0ct-16) on weekly chart WHAT DOES THIS INFORMATION TELLS US? "It tells us that the price is about to enter in a new uptrend because previously at these level "DEMAND WAS MET BY SUPPLY"(bears were in command from 744 levels) and now "(GREATER)DEMAND>SUPPLY" so we have eventually seen the stock breakout from 740(bulls are fighting hard) Now at this level bears will still fight and will try to set a trap but since the level is broken we will see short covering in the market which will pump up the market. TRADE VIEW SHORT TERM TRADERS.... BUY @750 STOP @735 TARGET @770-790(WILL TAKE TIME) LONG-TERM TRADERS BUY @750 STOP @700 TARGET @790-815-835(NEXT TWO TO THREE MONTHS) !!HAPPY TRADING!! !!PLEASE LEAVE A LIKE COMMENT BELOW!! !!WATCH OUT FOR BTST/STBT IDEAS @ 3:15!! !!EVERYDAY!! !!SOON GOING TO START 9:20 CALLS IN THE MORNING!! !!EDUCATIONAL IDEAS ONLY ON SAT/SUN!! FOR BUSINESS PURPOSE CONTACT MANAV KHANDELWAL bfm,CMT.level-2,Cfa level-1(candidate) TECHNICAL ANALYST FULL TIME TRADER manavtechresereach@gmail.com FOR PREMIUM CALLS For tech queries please mail me and questions will be answered by weekends....
NSE:KAJARIACER
by manavtechresearch