Good Time to look down. Made Lower High this time
Delta Corp had formed a Cup and Handle Pattern and has reversed from a strong Resistance Zone near 197-203 forming a Double Top Pattern. Also there is a RSI Bearish Divergence.
I see Double top in SBIN and Buyers are winning. Classing Ascending triangle pattern. I hope to see Buyers winning, Last time, buyers were winning too but this time Buyers are more aggressive and buying at a much higher price than the Support.
NIFTY 50 appears to be forming a double top pattern. If this pattern completes breaksout - a nice fall is expected.
AMBUJA CEMENT - FOR DATE 29-06-2021 1. BEARISH ENGULFING CS PATTERN WITH CONFIRMATION CANDLE. 2. SMALL DOUBLE TOP WITH NEGATIVE DIVERGENCE
Ascending Triangle, Rectangle & Rounding Bottom breakout on Daily Chart of FED MOGUL GOETZE. BUY CMP/355.10 -> 390, 400, 420, 440-450. SL/Support 315-25, 300, 283-85, 278. Double Top at 354 and reversed from 351 on 11th of June. Another Double Top at 465. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
INFOSYS- 1- EVENING STAR CS PATTERN AND ACTIVATED. 2- DOUBLE TOP WITH NEGATIVE DIVERGENCE. 3- FUTURE OPEN INTREST IS -24.50%
TITAN - 1. SHOOTING STAR CS PATTERN WITH CONFIRMATION CANDLE. 2. SMALL DOUBLE TOP WITH NEGATIVE DIVERGENCE. 3. FUTURE OPEN INTREST IS -26.58% . 4- POSITION FOR 2-3 DAYS.
NSE:MUTHOOTFIN #MUTHOOTFIN After a god rally, Sideways consolidation on daily is going on. Double Top formation on daily charts with rejection from the higher levels going on. Neckline breakdown can give a good downward move into the stock. CHART BY HarmonicTrading™
Dow jones : it forms double top pattern, Deep correction may come soon. lower levels 32525 and 31750
JUBLFOOD - EVENING STAR CS PATTERN AND DOUBLE TOP WITH NEGATIVE DIVERGENCE.
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.