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Double Top

MCX Nickel Double Top - Potential ReversalAccording to this chart, MCX Nickel is making a double top chart pattern. It's at risk of a bearish trend after double top formation. Wherein the first top at 1158.4 level, and the second top can be between the range of 1160 - 1176 . If it's a second top, nickel will make a large false break pin bar here. That might be up to the 1176 level. Afterward, the short-term traders can sell it for levels of 1106 - 1076 and below. Wait for the right entry-level, don't sell above 1160 level. Here I have drawn a neckline as a support trendline to get an accurate exit/entry point.
MCX:NICKEL1!Short
by freestocktips
1
Nifty & Bank NiftyBoth Nifty & Bank Nifty are at an Ichimoku Price & Time axis equilibrium today with Nifty probability of a Double Top and Bank Nifty at a Bearish Harmonic Reciprocal AB=CD. Nifty has support at 11750 while Bank Nifty has support at 24650. Breach of both could lead to further downside till 11400 & 23000 respectively. View would negate above 12100 & 25200 accordingly. Price & Time Axis Equilibrium is an Ichimoku concept of reversal in trend. As per the study Time is vital price is just a consequence AB=CD are Harmonic Trading Patterns based on alignment of specific ratios
NSE:NIFTYEducation
by Dinesh_C_Nagpal
4
Tata Motor Dvr Technical Analysis .Hello friends , Today i have the technical chart Of Tata Motor Dvr Technical Analysis . Friends as you can see here that it is making Double Top chart pattern which means it can go down and it is down . You can take its Stoploss at 61 Rs and Neck line at 57.10 Rs Its target you can take is at 46.60 Rs as shown in the picture and I have also shown that it can come once to the trend line and take resistance and then can go down . You can see there that the upward " Movement " of the stock Due to the chart pattern " Falling wedge " You can also see the " Decline and Weakness in The Volume " which is now in the " Double Top " and before if you see the volume it was very strong and going upward but now i think it can go down . Thank You . If you like this Idea and this Analysis just please like this idea and leave a comment i will surely try to improve it or if you have any doubt related to this you can write in the comment. Bye Bye .
TShort
by UKnowN_ThE
1
MARUTI on a high stock analysis:Maruti has already made a double top pattern previously followed a continuous move towards up, and formed a curve where buyers and sellers were both confused where the direction of the stock is? After forming a double top pattern the stock has moved towards down direction. At current level it is forming a disjoint channel, and the stock is moving near the resistance line. Till now buyers were more active the stock has moved to resistance line buyers may fear to invest and stock price will fall. We can expect falling price till 6366. To be in safe side if there will be up break the price will be bullish 7351 above.
NSE:MARUTI
by Trade-Technique
17