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Doublebottompattern

Double bottom - close above 2500 will add 500 more !!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 show your support by hitting 👍 LIKE button, Your Support is very much 🙏 appreciated!
NSE:DMART
by Tradersasi23
Cautious View on UPL for 24th July 2020In 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 for 5% Downside before Earning. Fundamentally good stock and expectation of Good results at high on Street. Happy Trading. It's my Personal View, Please don't treat as Recommendation.
NSE:UPL
by Gaurav1985
Havells on breakout level ready.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 to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
NSE:HAVELLSLong
by Tech_stock_trader
6
Tata Chemicals | Double Bottom - WeeklyDouble Bottom pattern observed in Tata Chemicals. Neck level was broken in second week of May thereby confirming the pattern. The recent fall could be counted as neck level retesting. In that case the stock will move up to 672 where the pattern target falls. However, a trendline still holds and we could see noticeable resistances at 635 and 658. A break above 635 will be key. Hence, if resistance at 635 fails Tata Chemicals could move swiftly towards double bottom target. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:TATACHEM
by AkhilSuryaFS