Double Top

reshmi_chauhan1

The stock has already formed the DOUBLE TOP pattern. A double top has an 'M' shape and indicates a bearish reversal in trend. Now forming Symmetrical triangle, the value is going lower but it has strong support point to be noted and the volume is not increasing so price will take some time to go for the target that is 187 nearby. (Symmetrical triangles occur...

aabhinav900

Double Top formation is Seen in ITC. Closed with a Bearish Engulfing pattern. According to me ITC will go Down today. Short ITC, might be the best trade option for today. It's just my personal analysis so do your own and I don't recommend anybody to Short It as it is just my analysis.

bullswaves

TCS Facing Resistance Multiple Times ~ 2140, Future Sell Positional Around ~ 2110, Stop ~ 2160, Target ~ 1990

pavtechnicals

UPL is at major trendline Support after forming double top structure and near to neckline of double top. If it break trendline support and neckline it can fall up to 367

gagankhetwani

Adani port has revered its uptrend and starting its downtrend. There is multiple resistance on the chart. Every upside rise is an opportunity to short sell. Do check price action. Please Note - All the green lines mean the support zone/demand zone and all the red lines mean the resistance zone/supply zone.

Dhaval_Mungalpara

Bharatforg make brekout of double top pattern.so you can add short side in your watchlist.

pradumnasaraf

This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.

oldwine

Heavy resistance @ 149.70 ___ If it breaks the support of 139.4, then it perfect for shorting as per Double Top Pattern. ___ If it does NOT break the support, it maybe a trend reversal to the resistance or movement of price in sideways. ___ Warning: Today is the quarterly earning result of COAL IND. Please ensure to look at that too. ___ Have a different view,...

oldwine

I already published this IDEA before in June 4. Please view it. Whole Pharma was under pressure TODAY. ___ Target 1. 475 Target 2. 470 Target 3. 450 Stop Loss @ 499 ___ IF YOU HAVE A DIFFERENT VIEW ,PLEASE SHARE, SO THAT I CAN IMPROVE MY LEARNING. ___ THANK YOU

vish000agr

Looks like party is over for reliance industries investors, RSI divergence and Double top, though a little early to call, Will look on daily charts for shorting opportunities

vish000agr

Failed to make higher high, will it it make lower lows

bullswaves

Intraday Nifty Future Sell ~ 10070, Stop ~ 10130, Target ~ 9950

oldwine

Sun Pharma ____ DOUBLE TOP __1 day chart pattern ____ APRIL 27 tested a new high (504.80) and failed to break it. Almost after month+ it has risen above to its Previous HIGH. ___ I would go SHORT around " IF THERE IS ANY RESISTANCE AROUND IT'S PERVIOUS HIGH OR IF THERE IS A SIGN OF A NEGATIVE CANDLE ( HANGING MAN ) IN THE NEXT FEW DAYS" TARGET__ 475- 450 STOP...

kapilvaidya1

As clearly shown on charts, Mindtree is currently facing weekly timeframe resistance 1) Momentum loss clearly seen 2) RSI below 60 3) Double Top Formation 4) Negative Divergence seen on daily charts Confirmation of the pattern if 880 Broken, One can enter into positional long for a target of 730

kapsp5001

If able to break and sustain above 1845 then upside possible at 100 % fibbo retracement level and can reach 1897. If breaks below 1806 then can reach 1755- (near fibbo level of 0.236)

Hybriss

Weekly chart - Strong buying pressure Daily chart - Potential double short Hourly chart - pushing back to tesst top resistance once more If it rejects this top level again we are in a good way for Double top setup We will have to wait and see how price reacts to the 143 price level, If you want you can play agressive with a shot pending order on the 143 level...

manishprabhakar1998

USOIL form double top in 1 hour time frame short when neckline is broken and target and stops are mentioned in the chart.

karth11k

BIOCON has just formed a DOUBLE TOP and look out for reversal from this level.