A close below 295-94 can open script to touch its rates - 285 / 279 / 266 👉chart pattern observed - double top 👉trade based on double top neckline break disclaimer - for study purpose only
Double Top, a bearish reversal chart pattern explained What is Double Top Pattern ? NSE:SBIN Double top is a trend reversal chart pattern formed after good bullish price move (a continuous price move for a good duration) where the upward price movement looses its steam (first top) and it retraces a bit (to neck line or mid point). Then again it moves in...
as per price action you can see bank nifty has created double top bearish pattern in hourly time frame. also bank nifty broke trendline and closed below. 34900 and 35000 good support zone for bank nifty if bank nifty hold 35000 area than we can see bounce from 35000 area towards 35500 level. if global market and Asia market sawing any weakness and bank nifty...
Hello Trader, I have done my analysis for intraday trade on BAJAJ FINANCE LTD. I shall take the trade if it crosses the below line and price mentioned. The rationale for the trade : 1) Double top Formed in 15 min chart (Considering this is an Intraday trade) 2) MACD Signal
Bajaj-Auto made Shooting Star & Double Top on daily timeframe. As previous shooting star, it falls down. If Bajaj-Auto falls below 4200, then it can give target upto 4000 with SL of Shooting Star's High. Educational Purpose Only.
BankNifty formed a double top with bearish divergence Above 35436 : If price breaks out, then flag n pole setup to be followed and target next resistance - 35750 / 35800 Below 38494 : If price breaks down, then double top confirmed, 1st target 34140, 2nd target 33270 Happy Trading !!!
Made a double top recently. Now also its look weak. SL and Target mentioned.
💢Beat One's Brain Out💢 ✔ There's an elephant in the room. ✔ expecting good future. ✔ Interesting business. ✔ Company is almost debt free. ✔ Can see double bottom in monthly frame. ✔ Can see pennant / symmetrical triangle in day frame.and almost near to BO.If it go down,just avoid and wait for a good opportunity. One day chart 👇👇 About the Company...
The Daily chart in Bandhan Bank shows a clear-cut M Top or Double Top pattern. Note that it's a trend reversal pattern. As you can see before the M top it was bullish and After the M top it created a bearish Trend. Let's call the first candle which crosses Neckline as Point B, and the Resistant line as Point A. when the candle finally crosses the neckline after...
wait for a breakout and go long or short
AS WE OBSERVE DOUBLE TOP ON HCL TECH IF TRADED BELOW THE NECKLINE AND BELOW 895 WE CAN SELL FOR 1ST TARGET-850,2ND TARGET-800 WITH 1ST STOP LOSS AT NECKLINE 910 AND 2ND STOP LOSS OF 925
Maruti Suzuki has formed a double top in daily TF Short when the reistance zone(around 6800) is retested and a bearish candle is formed Stop Loss - 6900 Target - 6500 To motivate me, give a like and show your support. Thank you! Please stay safe. Happy Trading! Regards, Segan
HELLO FRIEND HERE IS DOUBLE TOP SELL SET UP IN GRASIM INDUSTRIES BELOW 1400 SPOT LEVEL WITH SL OF 1480 FOR THE TGT OF 1210. HAPPY TRADING.
Double Top - Bearish candles expected in the upcoming days if the demands are lowered. After the double bottom the market has showed a steady up trend rally. Same way now Double top has been formed. This has happen before and again its showing a strong double top , Hence down trend rally is possible if the demands are lowered. Given is my personal analysis.
SBI LIFE HAS FORMED LONG TERM W. ONCE CROSESS 1030 LEVEL IT CAN BE A FRESH BREAKOUT !!!
selling idea for bank nifty for intraday
Hiii.. everyone 1)doble bottom 2)its in downtrend 3)trenline