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Double Bottom

BAJAJFINSV Analysis(Double Bottom)!NSE:BAJAJFINSV ANALYSIS! BAJAJFINSV Daily Analysis! Double Bottom Pattern Formation and Breakout in BAJAJFINSV! RSI Divergence in BAJAJFINSV! Double Bottom Pattern analysis with RSI Divergence BAJAJFINSV has made Double Bottom Pattern on a daily timeframe it has given a breakout to the neck level and retested it's support level at the neckline only. If we see the RSI we can see the clear Divergence, while price making falling bottoms RSI making Rising Bottoms. We can expect price to move in the upward direction. Entry = Aggressive investors can buy at current levels, Conservative investors can wait for small retest. Stop Loss = Below 1393.90 Targets = 1) 1486.40 3) 1570.35 3) 1665.25 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:BAJAJFINSVLong
by Avinash9087
2
Banknifty ( 31/07/2023 )Banknifty for ( 30/07/2023 ) Enter once after " Breakout and Retracement " . . For " long " entry: 45530 target: 45760 stoploss: 45450 . . For " Short" entry: 45380 target: 45250 - 45020 stoploss: 45510 . . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . 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 old ideas attached below
NSE:BANKNIFTY
by TheNuraTrading
2
ORIENTCEM Double Bottom | Opportunity Hello Everyone, Here one good opportunity in this stock ------------ Pattern: Double bottom Recent it has given break out and also consolidate near break out , So it good time to take entry and try to make good profit. Entry : 150 SL : 140 and Profit can be : 180 Its my point of view for this stock so, review it on your own and do your best. I am just try to give what i think on it. Please give me your comments on this stock what is your point of view. Like | Comment | Share Thank you.
NSE:ORIENTCEMLong
by apstockanalysis
2
DOUBLE BOTTOMHello mates, As I know that this is month starting and this is not a appropriate time to analyze a chart on monthly time frame but I want to go some in deep to find out a pattern or kind of a reversal signs from strong support zones in it in Lupin so I may be find out some useful things could help someone that is all that it breaks a falling trendline on monthly timeframe so I considered it as a breakout and, The Rsi indicator also giving some reversal action in this stock which is showing that earlier this stock bottomed out at the same place with same price few months ago so we can say it is created a double bottom pattern on monthly time frame chart so I placed a Fibonacci retracement tool for coming resistances and targets for how it can retrace to one from another retracement values although these levels will act as a resistance for it. #DOUBLEBOTTOM CAUSE OF LONG-: 1- Falling resistance trendline breakout. 2- Rsi showing reversals signs.
NSE:LUPINLong
by AMIT-RAJAN
MANGALAM | INCOMING BREAKOUTMangalam Drugs has been attempting to break the 155 level, with its previous attempts getting rejected. But this time, with the solid foundation of a Double Bottom base, & a Symmetrical Triangle formed near the resistance zone, the chances of a successful breakout increases. Following points to note before initiating a Long trade: -------------------------------------------------------------------- 1. Price keeps getting rejected from a resistance zone around the 155 level. 2. This time, price breaks out of a Symmetrical triangle near the resistance zone 3. A double bottom base provides a good foundation towards the eventual breakout of the resistance zone Keeping the above points in mind, a long can be initiated as follows: Entry CMP SL 139 Targets of 1). 175.3, which is the Symmetrical triangle Pattern height, 2). 182.7 As always, keep your risk appetite mind before taking any trade. And always enter your SL first.
NSE:MANGALAMLong
by Divergent_trader
2
NMDC DOUBLE BOTTOM NMDC has been falling since more than a year and has now shown signs of bullish nature as the entire market sentiment improves. NMDC has formed a beautiful double bottom which has been confirmed by the gap up today with good volume. The previous red candles has high volume but no price movement which is a good sign and shows lack of selling pressure. NMDC weekly chart is also forming a inverted head and shoulders pattern As the market breaks all time highs and seeks new levels, some stock have not contributed to the previous rally such as reliance and Infosys but these stocks went at very good levels currently. A stock like NMDC is showing a good double bottom and a beautiful risk to reward. Target: Short term as of chart Stop loss: Below recent low and support zone Keep It Simple
NSE:NMDCLong
by Krish_Kohal
2
Double bottom chart patternICICI Securities given double bottom formation on chart breakout level is 577 if price sustain above 577 there will be more up side in stock you can place target up to 734 after This breakout level is resistance which will become support after breakout once it break 577 price will suddenly rise after it may be some profit booking for intraday traders those who take it at breakout because of this profit booking by very short term traders this will take price down so it may retest the level of 577 after breakout when it retest that level resistance will become support here again fresh buying will come those who not able to take because of fast up movement at breakout they are waiting to take again if price come at that level of 577 this will lead to take price again in up direction after retesting from here there may be a good move in stock for target of 734 Double Bottom chart pattern : This chart pattern is seems as " W " pattern where price comes down from higher side and give a price correction which make first bottom Then price again try to follow trend and comes down but price rejected to go more down by buyers and near support of first bottom it reject the trend continuation and this up move from support with first bottom create second bottom on chart which seems as "W" At previous correction high by price given last swing high this high is consider as breakout level for double bottom chart pattern This chart formation is a sign of trend reversal
BSE:ISECLong
by ProfitPicks
2
PostMortem on BankNifty Today & Analysis of 27 JUN 2023BN opened at 43804 and then had a flattish price move till 13.00 after which it propelled forward like a rocket. Interestingly Finnifty's chart (which we will discuss shortly) had more thrust compared to BN & N50. The 470 pts rally we had from 13.05 to close was nothing short of remarkable. Initially the momentum was slow, but as soon as the short covering started we had a broad based rally. None of component stock closed in red today. SBIN up 1.62%, HDFCBK up 1.41%, AXIS up 1.32%, KOTAKBANK up 1.19%. 1hr TF If you remember from yesterday's research report, BN was almost completing a double bottom pattern at the 43404 level. The last leg of W was fading, until we had the break through today. What really happened today was the 44068 resistance was taken out, preceding that we had 2 strong green candles - most likely due to CE short covering. Final close is some 100pts above the SR zone of 44068 which means there is every possibility BN could defend it for the expiry tomorrow.
NSE:BANKNIFTY
by viswaram
UPL Double Bottom & RSI DivergenceAccording to the daily chart, UPL has formed a double bottom pattern near a significant support zone. Notably, while the price made a double bottom near the same level, the Relative Strength Index (RSI) recorded a higher low, indicating a bullish divergence in the RSI. Entry:
 We can go long after the close of a strong bullish candle near the support zone. Stoploss: 
We can keep the stop loss below the support zone with some buffer. Target:
 We can keep the target near the next resistance zone as marked on the chart. Please Like & Follow me.
NSE:UPLLong
by vt_trader
4