Double Bottom breakout is visible in amarajabat stock - weekly timeframe. Normally such patterns at higher time frames hold a lot of value. The second bottom respected the first bottom which gives more conviction. The whole price action is supported by the announcement made by the management of Amara Raja Batteries of capex into Lithium Ion batteries which are...
#LTI given double bottom break out on weekly time frame and also making harmonic bat pattern. buy when it give retest.
Buy around 5000
TGT : 5550, 6100
SL : 4850 DCB
Disclaimer :
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds...
The analysis is done on daily TF hence price may take days to a few weeks in order to reach the targets.
Trade setup is explained in image itself.
At this position, one can get great Risk : Reward as the SL is quite low as compared to Targets.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before...
NSE:SUZLON has given double bottom breakout and as well is near breaking of its trendline, the trade can be taken after breaking of trendline for the given targets. RSI is showing bullish divergence as well. Will trendline be broken out?
This can be a great position to add for investment as well with very low risk. IT stocks have already faced big downside and in longer term, the downside is limited but upside is huge.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely...
Havells has formed a nice double bottom.Today it has come out of Double bottom pattern also it has broken the resistance zone- so higher levels are expected going forward.
The length of bottom is quite high - and it exceeds the ATH of HAVELLS if projected upwards - so our R:R will be low in this case.
Entry - 1348-1350
Target - 1486
SL - 1200
Though R:R is...
Nifty auto index is showing. A firm confirmation of breakout from the previous resistance and also from a double bottom W pattern.
The last weekly candle is wide range bullish open = low pattern. The momentum and trend is bullish on all timeframes.
From the fundamental side covid recovery and festive sales could help stocks in the sector to sustain the bullishness...
Rallis India belongs to the Industry of Agro Chemicals/Pesticides.
The Stock has formed double Double Bottom on Charts and there is a clear breakout with excellent volume. The stock from a technical standpoint is comfortably placed above its key moving averages, around 13% and 17% from 50DMA and 200DMA.
The Company is fundamentally sound with a reasonable debt...
1. Strong weekly/ multi year breakout with good volume.
2. Also double bottom breakout in monthly chart
Target 1 is all time high
Target 2 is height of double bottom pattern
- Fundamentally strong company
- Breakout from a consolidated range showing a double bottom pattern
- Buying pressure indicated by the long lower wicks
- Breakout is supported by volumes, however it seems there is huge selling at 2130-2170 range but the net price change on the day is still +ve
- Don't chase the stock as it might correct a bit and a good entry can...
![HAVELLS: [Positional] HAVELLS Double Bottom Breakout](https://s3.tradingview.com/k/KxMWRiXQ_mid.png "[Positional] HAVELLS Double Bottom Breakout")
