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Doublebottomtradeidea

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
HIMATSEIDE Analysis(Double Bottom)!HIMATSEIDE Analysis on Weekly Timeframe Bullish view on HIMATSEIDE Double Bottom Pattern Formation in HIMATSEIDE Neckline Breakout HIMATSEIDE has made double bottom patten on Weekly Timeframe. The price has given breakout to the neckline 85.45 and now it is trading above it. We can see the breakout has happend with the good volume. We can expect further upmove upto 107.80. Trade Psychology and Setup = Entry = Between 85 - 90 but it will good if we can enter with lower price Target = 107.80 Stop Loss = Below 75.80 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:HIMATSEIDELong
by Avinash9087
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