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Doublebottomreversal

JMFINANCIL Analysis!NSE:JMFINANCIL Analysis on a 4H Timeframe! Short Term Movement Analysis on JMFINANCIL! Double Bottom Pattern Formation in JMFINANCIL! Double Bottom Neckline breakout at JMFINANCIL! Analysis: JMFINANCIL was in the Downtrend since 29 Jan 2024. We can clearly see it has made a Double Bottom Pattern. It also given the breakout to its resistance level which is nothing but pattern's neckline. After that it has retested the resistance level which becomes the new Support level. The bullish momentum started building after the breakout. Consideration while taking the trade on Double Bottom Pattern: 1)Previous trend should be a downtrend 2)Volume at bottom 1 should be greater that Volume at bottom 2 3)The bottoms should be below 50EMA Trade Setup= Entry= Not recommend to enter now as price went way far from the breakout Target= 110.78 Disclaimer = Consider my analysis for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:JMFINANCILLong
by Avinash9087
RKEC - DOUBLE BOTTOM FORMATION WITH A BREAKOUTHi All, THis idea is about RKEC Projects Ltd Fundamentals Mkt Cap - 308 Cr Stock PE - 15 ROE - 12.5% ROCE - 15.5% Mkt Cap/Sale < 1 D/E - 0.83 Quick Ratio - 1.09 RKEC Projects Ltd is in the business of Civil and Defence Construction Technical Analysis As the chart depicts, the price went for a double bottom formation and give a contraction of more than 70% while forming both bottoms. It has given a successful breakout and first resistance has been marked. This trade can continue till next results as it could give a surprise being in a sector which is having strong tail winds. Happy Trading, Thanks, Stock-n-Shine
NSE:RKECLong
by Stock-n-Shine
2
Infosys Ltd Analysis!NSE:INFY Analysis on a Daily Timeframe! Double Bottom Pattern formation in Infosys Ltd! Double Bottom Pattern/ W Pattern Formation with RSI Divergence! Analysis: As we can see in the chart NSE:INFY started falling down from Feb 2024. It was in clear downtrend. After that it has made a double bottom pattern but it's second bottom is lower than its first bottom, so I have added RSI indicator to get a confirmation about Divergence. We can see a clear divergence while price falling down RSI moving upwards so we can expect the price will move upwards in the upcoming trading sessions. I have marked all the important levels on the chart please have a look. Trade Psychology and Setup: Entry = Current price level is good to Enter Target = 1607.65 Stop Loss = 1460.50 Disclaimer = Consider my analysis for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:INFYLong
by Avinash9087
5
Dalmia Bharat - Double Bottom Chart PatternThe "Double Bottom" pattern is a bullish reversal chart pattern that suggests the end of a downtrend and the beginning of an uptrend. When observed in Dalmia Bharat's stock chart, this pattern indicates a potential increase in the stock's price. It took almost 2 months to complete the pattern. Key Characteristics: Shape: The pattern consists of two distinct troughs at approximately the same price level 1700, resembling a "W" shape. Neckline: The highest point between the two bottoms forms the "neckline." A breakout above this level confirms the pattern. Volume: Volume often decreases during the formation of the pattern and increases on the breakout above the neckline, confirming the bullish reversal. Current Scenario for Dalmia Bharat: Breakout: Dalmia Bharat's stock has already broken out above the neckline, indicating a confirmed bullish reversal. Retest: The stock is currently retesting the neckline, a common occurrence where the price returns to the breakout level to test its new support. Implications: Market Sentiment: The successful retest of the neckline can strengthen the bullish sentiment, suggesting that the previous resistance level has now become support. Entry Point: The retest provides an opportunity for investors to enter a long position at a potentially lower risk, as the new support level is confirmed. Target Price: The target price can often be estimated by measuring the distance from the bottoms to the neckline and projecting it upward from the breakout point. Target level 2000 - 2050 Example: If Dalmia Bharat's double bottom pattern had bottoms at ₹1,700 and a neckline at ₹1,850, the distance is ₹150. Following the breakout, the target price could be around ₹2,000 (₹1,850 + ₹150). In summary, the double bottom pattern in Dalmia Bharat suggests a bullish reversal, and the current retest of the neckline is a critical juncture. If the retest holds, it may present a favorable entry point for investors, reinforcing the likelihood of an upward trend. Regards Arvind Yadav. Cfa Arvind Share Academy
NSE:DALBHARATLong
by Arvind_Share_Academy
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
KNRCON Analysis(Double Bottom)! NSE:KNRCON Analysis! KNRCON Analysis on Daily Timeframe! Double Bottom Pattern Formation in KNRCON! Neckline Breakout in KNRCON! Trend Reversal in KNRCON KNRCON has made Double Bottom Pattern on a daily timeframe. It has given neckline breakout but experienced high selling pressure around this level. We can observe the retesting is happening now.I have extended previous support trendline we can expect price may take support on this trendline also neckline can acts as a support if we consider current price level. We can see RSI is also trending and took support at support trendline recently it has given breakout to the resistance trendline. So we can expect the price can move upwards. Entry = Aggressive investors can buy at current levels, Conservative investors can wait for small retest. Stop Loss = Below 242.65 Targets = 1) 258.95 2) 265.95 3) 271.70 4) 280.40 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:KNRCONLong
by Avinash9087
How to trade DBRealty going forward?This stock has formed a pattern called Double Bottom, providing a target price for the intermediate-term in the range of 87-89. The price recently crossed above its moving average signaling a new uptrend has been established. It appears that the price of DBRealty has reached a low point and then rebounded, indicating a potential reversal of its downward trend towards a new uptrend. This can be further confirmed by observing the Double Bottom chart pattern, which consists of two distinct lows occurring at roughly the same price level during a downtrend. As the pattern forms, there is typically a decrease in selling pressure, indicated by a decrease in trading volume. Finally, when the price breaks above the highest high point between the two lows, it confirms a bullish signal for the asset's future direction. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:DBREALTY
by hardeepssethi
Eicher Motors Double BottomEicher motors has fallen from its high by about 20% and we may be looking at a double bottom reversal as it rests on the 200EMA. According to option chain data, 3100 is a strong support. According to Multi strike OI, calls graph is falling which shows a bullish Singal and puts graph is rising which shows an even more bullish signal. Targets of T1 and T2 with stop loss below 3050, safer traders can wait for the break of the trendline but it may mess up the entry price Keep It Simple
NSE:EICHERMOT
by Krish_Kohal
spandan : Twizzer Bottom , Bullish Engulf, Multiple BottomNSE:SPANDANA Price Action : Twizzers Bottorm - Bullish Engulf RSI: BULLISH DIVERGENCE Pattern : Double/Multiple Bottom Probability to break Green Trendline Observation: Buy with Given Target. Trendline breakout will be the Long opportunity for given Target Buy: @ 343.5 - 370 Stoploss : 330 Target : 390 - 408- 440 - 484- 500 - 510 + + + + + + + + + + + + + + + + + + Note: Never Trade without stop - loss.Long term Stop loss should not be more than 4 %
NSE:SPANDANALong
by FalgunPrajapatiTrading