Hello, Recently tech mahindra gives flag breakout. It seems tech mahindra forming a double top pattern. If it breaks support of 1770 then we can go for short selling trade opportunity for target 1720.
SUMMARY* *financials are looking weak *both twins have shown a breakaway gap formation *double top formation or the the "M" formation is clearly visible in a bearish channel *wait for a breach below 16600-590 (spot) demand zone *one can then take action BAJAJFINSV FUT SHORT@16590 STOP@16860 TARGET@16350-16000-16750 note *trail stop to entry price when...
MACD is showing a strong bearish divergence building up on the weekly timeframe. In context of the tightening monetary policy of the FED, this is not looking good.
Currently Mold tek packaging completed its Double Top and awaiting for Breakout Entry @ 774 Stoploss @ 739 Target @ 872 and above
M&M Seems Bearish, Because of Double Top Breakout and closing of day candle in Consolidation Range
Go Long Above 17325. Wait for Decisive Closing of 15 Mins. Target 17350, 17400, 17450 SL 17245
1. Best Price between 145-154 2. Stop lose - Weekly Closing below - 139 3. Gail is trading inside a channel 4. Channel Support and 50 EMA Support 5. As per volume profile 145 and 154 has an huge volume so it may act as support/Resistance Caution : Keep Strict Stop lose Because its looks like double top
M&M formed a Double top pattern. It is bearish pattern. It seems to break the neck line. If it goes down further, Short. Just tutorial.
SUMMARY:- *stock has demand zone in between 395-400 *if today close below that is achieved a free fall is expected *good risk reward trade *today trading below demand zone if sustains here can fall big time DLF FUT SHORT@393 STOP@405 TARGET@383/373/366
Chart wise double top break down potential exit on weekly charts and any 3447 previous swing low broken Could see more downfall. The momentum on short term and medium term has entered bear zones .Trend Indicators also bearish on all timeframes. Bollinger band spill out happened on weekly charts as well indicator bearishness ahead. Entry could be on daily on breach...
bharti airtel is near resistence. looking here may be some cautious if it makes M pattern. it is just view.
EXPLANATION : This is a Daily time frame chart of UPL . The stock has been in a downtrend for days and has formed double top pattern . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell at the top , I am bullish...
EXPLANATION : This is a Daily time frame chart of ULTRACEMCO . The stock has been in a downtrend for days and has formed kind of a head and shoulder pattern . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell...
Double top formed, can come down to 690 lvl support. your thoughts..!??
all major point mark on the chart. Lal path lab trading idea
Double top formation on daily time frame,, neckline around 640-644 levels,, need confirmation of breakdown below neckline,, Good fall possible once structure is confirmed
NSE:KEC KEC International - Forming a Double top. Expect a Reversal at 453 and expect to reach 380 within 20 Days Disclaimer - Its not a recommendation
city union bank 2 day view stop loss, target and entry point mark