DJ:DJI is forming double bottom. Will there be breakout?
This stock has been in a downtrend. Few days earlier, it has broken out of trend reversal double bottom pattern. Also retested the the neckline couple of times. In fact, both the times, it went below neckline and again came up with a huge volume. This clearly suggest that strong buyers are standing below that level. The stock is consolidating near it's downward...
If we take a look at weekly chart of ASAHI INDIA GLASS, it is going in smooth uptrend. In daily chart, it had formed double bottom pattern on weekly support trendline. After breaking out of this trend reversal pattern, the neckline was retested twice. While retesting the neckline, stock was forming pennant pattern in hourly chart. Today it came to apex point of...
Rallis India : Keep eyes on it On the verge of W pattern Breakout after a visible Double bottom on charts. Volumes Building up & stock has good Strength.
Nifty Level Upadate for Trading | END OF DAY CHART ANAlYSIS Nifty has No Trend - Sidewise Market Found Two Chart Pattern Decending Triangle Chart Pattern Double Bottem Chart Pattern For Daily Nifty and banknifty Levles Search In Google - Trading With Manoj Shinde 27485
above 0.85 will be a good entry towards 1$ and above.
∘ W / Double Bottom Pattern Breakout & Retest ∘ Use pivots for Target 1 , 2 , 3
L&T infotech : double bottom breakout in progress. Momentum and trend bullish on all timeframes . latest daily candle is open = low bullish pattern and likely to trend up. stop loss could be close below breakout neckline. trailing could be done on daily trendline breach and close also could be indication for short swing trades.
NSE:MOTHERSUMI This is for Positional Trade Mothersumi is forming double bottom pattern same like it did before. I have marked the formation of double bottom pattern and also the previous formation of it. You can take position once the neckline will get tested for support. And then it will be easy target of 35-40 points up move in just couple of days....
VEDL NSE:VEDL Daily on 28/Jun/2021 double bottom strategy, bounced back from supply zone, closed above 20 EMA and near trend line Entry 263.85 (with green candle confirmation) SL 263.85-19.4 = 244.45 (SL based on ATR) Target 287.9 (Risk and Reward ration 1.4)
V-Guard Breakout with huge volume bar. The ideal entry should be on a retest of the breakout area on Daily time frame. Levels and complete analysis is given on the chart. Trading at ATH now.
- 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...
Nifty making double bottom at 14250 with positive divergence on RSI. Buy Nifty for 14575/14650 and 14750. Invalid view below 14200 on closing basis or on 4hourly closing.
As shown in chart, it formed double bottom pattern and gave trend line breakout + retest. Possible targets: 1) 1550 It may face this resistance. 2) 1700 Feel Free To Ask For Any Technical/Fundamental Query Educational Purpose Only.
Price making double bottom and nearing towards the resistance levels. If price closes above 2500 levels then the pattern breakout will add 500 more points to the script ( as shown in the figure). The first stop would be 2444 and the next would be 2500 then it will be unstoppable I guess. Lets see it in action !! If you find my analysis helpful . . . . . Please...
In today's Trend it has been observed that the Script has touched and faced a hurdle at this Trerdline near 470 and could not sustain. the Stock has made Double Top and Double Bottom Format so now it's positioned at a stage where it can give a Breakout or Breakdown. So be Long if Crosses 475 for the Targets of 480-485-490 Targets. Go Short if Sustains below 456...
On Daily charts we can see the stock at break out level. So we can take the long entry above 550 for the target level of 575 . We can see the minor hurdle in stock at 564 level so be cautious at this level. Also we can double bottom pattern is visible in the charts. so add the stock in your watch list for next trading session. Always do trading as per your Reward...