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Double Bottom

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.
NSE:HINDALCOLong
by trade_opportunities
1
Deepak nitrite; min 20% return; TrendlineRefer our old idea attached below. . 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, . . . more than that " Deepak Nitrite " is fundamentally good. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . refer over old posted idea attached below.
NSE:DEEPAKNTRLong
by TheNuraTrading
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.
NSE:EIDPARRYLong
by anuragcoma15
WIPRO Ltd., 20% ROI, Right time to invest.Right time to invest. fundamentally good. . Entry:425 target:435 / 459 / 531 stoploss: 415 major stoploss/ support: 399 . . Enter conservatively after "425" . 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. . . .refer our old idea attached below
NSE:WIPROLong
by TheNuraTrading
8
ENIL🔴 ENIL Previously also it came near the level of 96 and then it took reversal and created a range then breakout the range and a good movement came now also it came near level 96 and created a good bullish chart pattern DOUBLE BOTTOM and now it is near the breakout level IF SUSTAINS AND TRADES ABOVE THE LEVEL 230 THEN WE CAN EXPECT 282,366,444,511 CONDITIONS IT SHOULD FOLLOW:- TRADE AND SUSTAIN ABOVE THE LEVEL 230 MONTHLY TIMEFRAME BASIS ANALYSIS RESEARCH AND TRADE NOT RESPONSIBLE FOR ANY PROFIT AND LOSS NSE:ENIL
NSE:ENILLong
by KRISHMACHHAR
ICICI BANK ( Looking to invest 💥)Add this to watchlist and wait for entry.👁️‍🗨️ For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - "972" . Trade carefully untill ENTRY level. . Entry: 972 target: 975 - 985 sl: 965 -960 major stoploss/ support: 960 . . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer over old posted idea attached below.
NSE:ICICIBANKLong
by TheNuraTrading
2
TCS - Looks Good!Reason- NSE:TCS - Double bottom pattern with piercing candle on Daily Chart. Duration 7-15 days The Double Bottom pattern emerges within a downtrend when the price hits two lows at approximately the same level. During this formation, the volume tends to taper off, indicating a decrease in the selling pressure. At each low point, there might be a slight increase in volume, although it's generally less pronounced during the second low. The pattern's completion occurs when the price surpasses the highest high between the two lows, confirming a bullish signal and signaling a potential upward breakout. 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
NSE:TCS
by hardeepssethi
GENCON - DAILY CHART DOUBLE PATTERNA "Double Bottom" is a technical analysis chart pattern frequently observed in financial markets, such as stocks, commodities, and forex. This pattern is considered a bullish reversal pattern, indicating that an ongoing downtrend might be coming to an end and a new uptrend could be emerging. The Double Bottom pattern consists of two distinct downward price movements followed by a reversal. Here's how it typically forms: Initial Downtrend: The price of the asset is in a downward trend, indicating a bearish sentiment. This phase represents the first leg down. First Low: The price reaches a low point and then experiences a minor upward correction. This forms the first low point of the pattern. Second Downtrend: After the first upward correction, the price resumes its downward movement, usually not reaching the previous low. This second decline is typically on lighter volume compared to the initial downtrend. Second Low: The price finds support at a level close to the previous low but doesn't break below it. This forms the second low point of the pattern. At this stage, buyers are stepping in to prevent the price from falling further. Reversal Confirmation: Once the price starts moving upwards from the second low and breaks through a certain resistance level (often a "neckline" drawn through the highs between the two lows), it confirms the pattern's completion. This breakout is seen as a bullish signal, suggesting a potential trend reversal. Traders and analysts often use the depth between the lowest point of the pattern and the neckline to estimate a potential price target for the subsequent uptrend. However, it's important to note that not all double bottom patterns result in successful reversals. Like any technical analysis pattern, false signals can occur, and it's advisable to use additional indicators and analysis to confirm the pattern's validity. As with any trading or investment strategy, it's crucial to combine technical analysis with fundamental analysis and risk management to make well-informed decisions. Note: 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.
NSE:GENCON
by hardeepssethi
BPCL - Bullish Swing Reversal with VolumesNSE: BPCL is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:BPCLLong
by BrahmaBull31
16th Oct ’23 - M pattern overlooking W pattern - BN PostMortemBankNifty Analysis BankNifty’s trade today looked quite different from Nifty50. The opening candle was a stronger red and we retested the 44068 support. Since we did not break it - my short call did not trigger. The rejection took BN higher by 312pts ~ 0.71% and we went into the green territory for a brief period. And even after all these - the options data was absolutely lackluster. Absolutely no premiums - the best trade again was to wait it out. We all knew HDFC Bank would come with its results today - still, the volatility was not really there. Recommend you to read this tweet by Deepak Shenoy wherein he has compared the results pre and post-merger. Most retail traders may be blinded to believing there was a 50% rise in Net Profits. The reality is quite different. On the 1hr TF we have a double top overlooking a newly formed double bottom (just below support). Although the W shape is not that beautiful - the lack of ability to break the support puts its weight behind it. Today also we had a reversal from support. I still prefer to go with a neutral stance till we get more clarity. 100% sure that HDFCBK’s results will skew the price action tomorrow - I still prefer to wait for the dust to settle.
NSE:BANKNIFTY
by viswaram
Done with the AUSSIES... Now see Shriram PROPERTIES- Company is expected to give good quarter - Company has delivered good profit growth of 23.4% CAGR over last 5 years - Debtor days have improved from 81.8 to 42.6 days. - Annual Revenue rose 57%, in the last year to Rs 814 Crores. Its sector's average revenue growth for the last fiscal year was 14%. - Annual Net Profit rose 574% in the last year to Rs 66 Crores. Its sector's average net profit growth for the last fiscal year was -15%. - PE ratio is 21 vs sector PE ratio of 101. Negative - Promoter holding is low: 28 % - Mutual Fund Holding decreased by 1.05% in the last quarter to 4.07.
NSE:SHRIRAMPPSLong
by CannySunny