Double Bottom
HINDALCO 1:5.5+ RR trade set up1. Trend bullish
2. Set up: Breakout & Retest
3. RR 1:5.5+ reversal trade set up
4. Double bottom at retest
ANURAS Reversal trade set up1. Set up: Potential reversal demand zone
2. Trend Bullish
3. double bottom set up
Nahar Spinning looks Good.Pattern: Double Bottom pattern
The Double Bottom pattern emerges within a downtrend when the price hits two separate lows at approximately the same level. During the formation of this pattern, the volume tends to indicate a decrease in downward momentum, diminishing as the pattern develops, with a slight increase in volume at each low, typically less on the second low. Eventually, the price breaks above the highest point between the two lows, confirming a bullish signal.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
INFIBEAM - 5 years Consolidation BreakoutINFIBEAM
1) Time Frame - Monthly.
2) The Stock has been in a consolidation zone / Downtrend since 2018 and has given a breakout & Closed with strong bullish momentum & Huge volume in monthly time frame.
3) INFIBEAM may reach its previous Life Time High (50.50) in the Long Term.
4) Recommendation - Strong Buy
BRNL / Bharat Road Network - Pre Covid High / Consolidation B/OBRNL
1) Time Frame - Monthly.
2) The Stock has been consolidating since January, 2020 and has given a pre covid high breakout & Closed with strong bullish momentum & Huge volume in monthly time frame.
3) BRNL may reach its previous Life Time High in the Long Term.
4) Recommendation - Strong Buy
29 Jan ’24 — All 6 Green Candles, Nifty Stance UpgradedNifty Analysis - Stance Bullish ⬆️
Recap from yesterday: “Yesterday’s W pattern is no longer valid as today’s action has nullified it. Our stance continues to be neutral with a slight inclination to the bearish side. It seems like FIIs are not done unwinding their positions — the run-up to the Budget 2024 looks interesting.”
4mts chart
Two major things stand out today
Nifty gets a small gap-up, but most gains came via trading - which shows how the control went to the Bulls.
Zero pullback - one-way trip.
Gifty was contradicting with a value of 21650+ and Nifty50 pre open was suggesting only an open around 21450 levels. The 200pts variance seemed pretty odd earlier in the day, but once N50 started steaming ahead - it made perfect sense. From the previous close, Nifty went up 394pts ~ 1.85% today - most importantly it took out the 21491 resistance with so much ease. The only thing that did not make sense today was India VIX rising 13% to 15.6 levels.
63mts chart
We are changing our stance from neutral to bullish as we had all 6 green candles today. Ideally, the stance change should come only after the 21913 resistance breach - but we are taking a bit of risk here. The pattern played out to be a W (double bottom). We would now look for bullish opportunities and the first target would be 21913. The global macros are not looking good with the war in the Middle East, news from Taiwan, and news from N Korea. Hope our markets will give a strong clue in case the situations escalate.
NBCC - SWING TRADE - 30th November #stocksNBCC (1D TF)
Swing Trade Analysis given on 30th November, 2023 (Friday)
Pattern: DOUBLE BOTTOM
- Neckline Breakout - Done ✓
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #nbcc
UADT.D FORMED DOUBLE BOTTOMUADT.D formed double bottom and crossed trendline which clearly shows bullish breakout. so bitcoin and altcoins will bleed for some time.
Munjal Showa Ltd - Double Bottom Breakout in weekly time frameMUNJALSHOW
1) Time Frame - Weekly.
2) Long Term downtrend breakout happened on June, 2023 and the stock has been consolidating since june 2023 & gave a double bottom pattern breakout with strong bullish candle & good volume.
3) The next target would be its life time high in the long term (313 - 63%).
4) Recommendation - Strong Buy
FLUOROCHEM as swingIt is forming Double bottom on 1hr and 4hr with harmonics we can plan for new highs.
I'm in buys and its great RR trade for me
APEX FROZEN FOODS:10DEMA CROSSOVERAPEX FROZEN FOODS :Has formed a nice double bottom pattern. 10DEMA Crossover above 20DEMA,50 DEMAa possible move towards in weekly chart suggests a move towards 290-300 upon sustaining about its neckline breakout levels of 270
For educational purpose only.
Your likes and feedback would motivate me to post more views.
Happy Trading
PALREDTEC:Likely Double bottom b/outPALREDTEC:Likely Double bottom b/out.Has formed a double bottom breakout in long term weekly charts.Shows possibilities for a breakout above 210 towards 230-/240/250 (For educational purpose only)
swing trade for yearCertainly, let's replace the currency symbol with Indian Rupees (INR) in the analysis:
### Technical Analysis:
#### 1. W Pattern - Double Bottom:
The W pattern is a bullish reversal pattern that resembles the letter "W" and signifies a potential reversal of a downtrend. The double bottom within the W pattern is a positive indicator.
#### 2. Breakout of Neckline:
The breakout of the neckline is a crucial confirmation of the W pattern. It suggests that buying interest has intensified, and the stock may experience an upward trend.
#### 3. Entry Activated:
With the W pattern and the breakout of the neckline, the entry signal is activated. This is typically a signal for traders and investors to consider entering a long position.
#### 4. Stop Loss at ₹260:
Placing a stop loss is a prudent risk management strategy. In this case, the stop loss is set at ₹260, indicating a level where the trade would be exited to limit potential losses.
#### 5. Target at ₹445:
The target of ₹445 indicates the expected price level where traders might consider taking profits. It is crucial to have a target to lock in gains and have a predefined exit strategy.
### Conclusion:
The technical analysis suggests a bullish outlook for Heritage Foods based on the W pattern, double bottom, and the breakout of the neckline. The entry has been activated, and the stop loss and target levels provide a clear risk-reward framework. However, it's important to note that all trading and investment decisions carry risks, and market conditions can change rapidly. It's advisable to monitor the stock's performance regularly and adjust the strategy as needed.
Remember that this analysis is based on technical patterns, and it's always a good idea to complement technical analysis with fundamental analysis and stay updated on relevant news and events that could impact the stock.
HINDALCO : Cup and Handle BreakoutA cup & handle Breakout in conjunction with Triangle Pattern Breakout
Retest is pending for the triangle pattern breakout.
Hindalco is moving based on the support line support for long.
Waiting for a retest to enter with SL below
closing of the support TL
One can enter now as well with 50 % qty just not to miss the trend for targets of 510/550/630.
DISC: Only for educational purposes. please consult your financial advisor before entering.
HDFCLIFE | GOOD BUY CANDIDATEHDFCLife formed a double bottom and created a bullish engulfing candle on daily time frame on 4th Jan. The stock is trading near demand zone and if holds these levels, we expect to see a good upside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
SURYAROSNI Trade set up1. Set up: Double bottom
2. Price trading at 75% discount (pullback)
3. RR 1:5+
Deepak nitrite; min 20% return; TrendlineRefer our old idea attached below.
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Midcap stocks are going to boom.
long term investment; min 40% return.
huge potential is there.
investment ;
Wait for retracement.
if you are interested in investment, go for it with small risk,
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.
. more than that " Deepak Nitrite " is fundamentally good.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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refer over old posted idea attached below.
Bajaj FinanceThe stock is slowly gaining positive momentum on the daily & Weekly charts. It has formed the double bottom on daily charts. RSI is in bullish trend on daily and weekly charts. On moving average front 20 DEMA has crossover 100 DEMA. One can made trade at CMP with SL 7200 and Target 8000.
Voltas bouncing from strong support!Voltas can be a good and relatively safe pick for medium term positional trading.
Try to enter around 780 levels with a SL of below 740 DCB for minimum target of 920.
USDT.D FORMED BULLISH SHARK PATTERN USDT.D formed bullish shark and waiting for double bottom which conforms support then it pumps which leads BTC and Alts bleed for sometime
Ready for breakout - EID ParryEID Parry has made double bottom after about a year of consolidation. Now it is ready to give a breakout which will break its lower-high pattern and give a boost for new highs.
Stock has seen good volumes during past a few weeks, giving confidence for a breakout soon.
CMP: 565
Breakout level : Today's high (579)
SL: 560
Targets : 540 / 700
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
WIPRO Ltd., 20% ROI, Right time to invest.Right time to invest.
fundamentally good.
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Entry:425
target:435 / 459 / 531
stoploss: 415
major stoploss/ support: 399
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Enter conservatively after "425"
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IT stocks are going to boom.
long term investment; min 20% return.
huge potential is there.
Long term holding ;
if you are interested in invest NOW, go for it with small risk,
.
.
.
. more than that "WIPRO". , is fundamentally good.
.
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.refer our old idea attached below
