The pair has made a double bottom in the hourly chart. It can retrace to support at 1.03147, for now, which is a good entry point for long trades. We expect the pair to move to the resistance at 1.03523.
See the chart, its leading to form double bottom.
POSITIONAL TRADE IN GRASIM MARCH FUT DOUBLE BOTTOM IN GRASIM BREAKOUT CONFIRMED!! BUY@810 STOP@790 TARGET@830-50 LOT:750 QTY:1
POSITIONAL TRADE IN GRASIM MARCH FUT DOUBLE BOTTOM IN GRASIM BUY@790 STOP@770 TARGET@820-840 LOT:750 QTY:1
POSITIONAL TRADE IN BANK OF INDIA MARCH FUT DOUBLE FORMATION VISIBLE ON DAILY CHART CLOSE ABOVE 91+RISE IN OPEN INTEREST WOULD LEAD TO 100 BUY@91 STOP@88 TARGET@98-100 LOT:6000 QTY:1
Ashok Leyland has formed double bottom and showing signs of reversal. It has a reasonable PF catching the price frequencies and is available on the LML offering a good entry. It has formed a double bottom with divergence on MACD which is quite reliable setup. Heiken Ashi has turned to Green also. One can buy the stock with the following details Entry current Price...
Double bottom formation @support . Seems to be bullish thereafter.
First Sell - Later Buy 12:56 Hrs / 31st Jan 2019 Last Price@10749 Do read the update carefully & manage your risk while trading. As trading derivatives is highly risky. Facing Resistance Above 10750 levels & Suggested in all the status updates that we shall be careful in 10730-10750 zone & holding above 10750 only we will look for 10790-10800 next...
Trading Strategy Magical level 10800 was the level identified on 23rd Jan 2019 as per status update - took a risky call in between 10840 - 10850 with strict stoploss -10865 Remember - If you are trading -you will lose -no doubt but If you are trading & don't know what you are trading - you will lose all! Plan A Wait for some correction if index opens...
double Bottom with bullish divergence
1.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.
HDIL made double bottom iwth bullish divergence
Rattan Infra made double bottom with bullish divergence.
MY buy zone 312 to 315 sl below 310 target 327//336//355