Nifty on hourly timeframe is showing a falling wedge formation with double bottom placed at the bottom of the falling wedge channel and also a very important support placed around 16800-16850 support zone band. 20 DEMA is placed around 17400 currently and as that acts a magnet, it can't be ruled out that price is going to a move around that. This zone is also...
Formaly known burger king monthly chart showing bullish side. Even RSI showing oversold. Formed W 'or' Double bottom pattern Target 1: 115 Target 2: 130 Strict SL: 80 Note: Only for education purpose
Double bottom pattern breakout in RELIANCE Buy on dip Keep SL below swing low
After PSU BANKS and sugar stocks rally Its potentially turn for rice stocks and Railway stocks now One can consider NSE:CLSEL CMP-122 Buy above-137 on closing basis TARGET- 155 then ATH+ Stop loss- Breakdown of trendline with below 107 RSI Divergence observed with RSI Trendline formation too NOTE: Stock represents chart pattern similar as shown by GRM...
Following is the bird-eye view of SRF point-wise: 1 and 2) I see two patterns here on a Weekly time frame; 1 is a parallel channel, and 2 is a symmetrical triangle ( Note: Both can be bullish or bearish patterns depending on their previous more significant wave, here it was bullish ) ( Note 2: Currently sitting at the support of bottom parallel channel making...
SBI Life has formed double bottom pattern on daily chart. while the RSI is making higher lows which is sign of RSI Bullish Divergence. Entry: We can go long after close of strong bullish candle near support zone. Stoploss: We can keep stoploss below the support zone. Target: We can keep target near the next resistance zone which will be also the neckline of W...
Technical- Double Bottom Base Structure stock given breakout with volume pop up Buy at pullback near 10 WMA trading above 10 WMA looking good for mrntined target in chart buy near pullback Industry Sector looking Strong Concern- Nifty is weak
we can buy on support zone or we can sell in breakout depend on the candle both side potential avoid first 15min breakout wait for 15 min candle closing targets are marked if the breakout comes after 10:00 am then the probability of winning will be more. follow risk management do your own analysis do workout do meditation start reading books
Double Bottom Pattern is formed on daily chart while the RSI is making higher lows which is sign of RSI Bullish Divergence . We can take a swing trade here. Entry: We can go long after close of strong bullish candle near the support zone . Target: We can keep the target near the resistance zone which will be also the neckline of W pattern as marked on...
UPL has formed Double Bottom Pattern. Which is a bullish pattern and it may form W pattern. So we can take swing trade here. Entry: We can go long when price gives breakout above the resistance zone with strong bullish candle. Target: We can keep target near the next resistance which will be also the neckline of W pattern as marked on chart. Stoploss: We can...
Price has formed a double pattern on daily chart. while the RSI is making higher lows which is clear sign of RSI Bullish Divergence. We can take long trade. Entry We can go long on open of next candle. Target Target 1 will be the nearest resistance zone which will be also the neckline of W pattern as marked on chart. Target 2 will be next next resistance zone...
Stock is created W pattern and expected good buying from this level
Stock is trying to break high level breakout. We are expecting good move from this level
Reliance has formed double bottom pattern on daily chart. While the RSI is making higher low which is clear sign of RSI Bullish Divergence. Entry We can go long on open of next candle. Target Target 1: We can keep our 1st target at the nearest resistance which will also the neckline of the W pattern as marked on chart. Target 2: Once the 1st target is achieved...
you may see double bottom and reversal from here if it again Break low it may consolidate in lower range then again wait for direction
Double bottom pattern is formed on daily chart of KotakBank. RSI is making higher lows which is sign of RSI Bullish Divergence. Entry We can go long after close of strong bullish candle near 2nd bottom. Target Target 1 - will be the next resistance as marked on chart. Target 2 - After 1st target is achieved and price breaks above neckline of W pattern then 2nd...
MANINFRA Daily has trendline breakout with 200 ema support on daily candle. Also it made double bottom with rsi divergence. Good to buy at 82.50 for target of 99 with sl below 78
Shiba Inu coin formed a double bottom pattern in 15m time frame.It is retesting now from the neckline(S1) and can give a upper breakout to R1.If the neckline breaks out with high volume candles,a long trade can be initiated.Support and resistances are marked on the chart.keep on eye on this trade. Happy trading.