doublebottomreversal

yogi_sharma_elliottician 197 views ・

Lets look at the analysis ---> 1> EW ANALYSIS :- Assuming this trend from 1490.9 level in corrective phase, we will assume impulse wave completed at 830.1, after that it slightly got complicated, still we will keep prefer count as B as flat, now we might be in wave c of B. 2> Classical TA :- a. the downtrend channel has given a breakout b. formed a minor double...

AkhilSuryaFS 209 views ・

Double 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...

praveen.bhatiya 254 views ・

Stock has formed the double bottom and trading above the neckline. One can buy the stock now for a double bottom pattern target of 324 which offers a reasonable Risk to Reward trade. RSI above 50 is also confirming the trade. Entry 301 SL 295 Target 320 - 324 Risk/reward 3 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading...

shahtushar 62 views ・

If this is a double bottom, then it should not go below 5760. It should make one more higher low around 7000 levels which would probably confirm a double bottom. This would take it to its first target of around 10,000$ and subsequent journey towards its all time high.

atul4b95 427 views ・

HDFC has been in a nice long term uptrend trending above 200 EMA, and is just given 13,62 EMA Crossover. Also the price has broken up from a consolidation zone and confirmed a double bottom. Long position may be initiated above 1737 with a target of 1800 and SL 1725

atul4b95 17 views ・

HDFC has broke up from a consolidation and also double bottom has been confirmed. Its been in long term uptrend ,trending above the 200ema and also there is 13,62 EMA Crossover Target 1800, SL 1725