Short UPLUPL 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
Double Top
Hindalco Has Formed Triple Top PatternHindalco has formed a triple top pattern and also double top in the lower timeframe and it is looking for a downside breakout. Can sell on every rise. Do watch for price action before taking the trade.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
Adani Ports Looking BearishAdani 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.
BHARATFORGBharatforg make brekout of double top pattern.so you can add short side in your watchlist.
Double top formation is seen in ITC. Short ITCDouble 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.
TCS Positional (Swing Trade Setup)TCS Facing Resistance Multiple Times ~ 2140, Future Sell Positional Around ~ 2110, Stop ~ 2160, Target ~ 1990
BIOCON Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Double top Heavy resistance @ 149.70
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If it breaks the support of 139.4, then it perfect for shorting as per Double Top Pattern.
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If it does NOT break the support, it maybe a trend reversal to the resistance or movement of price in sideways.
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Warning: Today is the quarterly earning result of COAL IND. Please ensure to look at that too.
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Have a different view, please share in the comment so I can learn too. 4 hour CHART
REACTION TO DOUBLE TOPI already published this IDEA before in June 4. Please view it.
Whole Pharma was under pressure TODAY.
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Target 1. 475
Target 2. 470
Target 3. 450
Stop Loss @ 499
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IF YOU HAVE A DIFFERENT VIEW ,PLEASE SHARE, SO THAT I CAN IMPROVE MY LEARNING.
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THANK YOU
Is party over for RILLooks 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
RISE OF A DOUBLE TOPSun Pharma
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DOUBLE TOP __1 day chart pattern
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APRIL 27 tested a new high (504.80) and failed to break it. Almost after month+ it has risen above to its Previous HIGH.
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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 LOSS __ HIGH OF THE RESISTANCE OR THE RED CANDLE YET TO BE FORMED
WARNING -- GO SHORT ONLY IF THERE IS ANY STRONG RESISTANCE AROUND PREVIOUS HIGH 504 (+3,-3) RANGE.
Mindtree, Good Time to Short sellAs 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
Correct time to snap up the WIPRO.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 when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.)
Buy in pull back that is 181-178.
Maintain stop-loss.
Asian Paints can retrace 100 % of fibbo levelIf 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)
GOLD Double Top Oportunity
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 and a ver short stop loss right above this resistance. Price might bounce back really fast and you will miss this opportunity
USOIL forms Double TopUSOIL form double top in 1 hour time frame short when neckline is broken and target and stops are mentioned in the chart.
BEARISH.BIOCON formed DOUBLE TOP in weekly chart.SHORT from hereBIOCON has just formed a DOUBLE TOP and look out for reversal from this level.
apollo hospittal :-(short) need a bed gonna collapse soon.short below 1340 target price 1260 stoploss 1400.
Do LIKE and FOLLOW if you agree with the idea.
DOUBLE TOP FORMATION ON THE HOURLY CHART OF TECHMTHE VOLUME AT THE FIRST TOP IS HIGH COMPARED TO THE VOLUME ON THE SECOND TOP. ALSO, THE DOUBLE TOP IS CONFIRMED BY THE HIGH VOLUME AT THE BREAKOUT OF THE NECKLINE. EVEN THOUGH THE PRICE AS OF NOW IS ABOVE THE NECK LINE, IT WILL GO BELOW THE SOON.
a fall started... pic speaks a lot... but now only I have few words left.. here u go....
1) a double top in 1W..
2) 4hr a trend reversal is confirmed
3) 30 min a LH formed and started a fall.. hit 1st target.
4HR - target -- 1) 1.40082 (already hit the target.)
2) 1.39406
3) 1.38673
4) 1.38311
in WEEKLY target -- 1) 1.17347 .
