As shown on the chart, the double top pattern has occurred 3 times in the recent few months. Each time, the market has corrected significantly. The entire second week of February, Nifty has been moving in a tight 200 point range, with buying coming at 15000 levels and strong selling at 15,250 levels. With the current levels of volatility and narrow contracting...
1. BHEL took support at the levels of 42.0 to 42.30 in October 2019. These were pre - Covid times. 2. BHEL took support at the same levels of 42.0 to 42.30 in the 1st week of Jan 2020. Again, the market has not yet started responding to the Covid pandemic. The support was finally broken in February and BHEL reached the levels of 19.20. From there it made a...
The stock is forming a pattern and if it follows Double Top then it may test 600 levels. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Double top. Formation Spotted and looking good support at 1016 level If break this level. We can see1000 levels Taken 3 times support around sell level gives more confidence Please trade according to your risk Management This idea is for EDUCATIONAL purpose Thanks
APOLLOHOSP MADE DOUBLE TOP & RSI SHOWING DIVERGENCE. SO IT CAN COME DOWN. LEVELS ARE SHOWN IN CHART.
Nifty formed double top or M pattern on Daily Chart Will there be a Correction continuation or a Big Crash coming like last year??? Rsi Divergence too strengthening the idea of huge correction atleast 10% or 14000 points
M_M was in uptrend and recently price failed to create New High and made Lower High which indicates it as a double top pattern Price is currently resting at neckline. It is weak below 790 Level (if fall continue watch out for breakdown and a strong rejection candle during retest)
M_MFIN price failed to create new High Weak below 187.50 Level This view negates above 191 Level(Then Levels will change)
Sell colpal after breakdown of double top pattern entry below 1583. With a minimum target of 1560 stoploss 1595.
NTPC has formed a prominent H&S Pattern on the daily chart and a bearish double top pattern on the weekly chart. The run seems bearish for mid term. If the neckline breaks, One can see a fall in couple days. Levels are marked on the charts ! Educational purpose only. Trade at your own risk.
As per the chart Amara Raja Batteries is currently at its Monthly Resistance. The stock has also formed at double top pattern on its daily charts. One should wait for proper price action and confirmation to enter into a trade.
Levels on chart , please share,like and subscribe . Reach out to me if you want to learn more
NSE:MARUTI Swing Trading opportunity ! Daily Chart Alert !!! --Target = 8360 --Stop-loss = 6935 --Lot Size = 100 RETRACEMENT Could HAPPEN!!! Technical Reasons to trade :- 🧢 1) maruti Ascending triangle breakout with volume 2) Volume is also good 3) Uptrend Is continuing and resistance is broken 4) support zones is mentioned on the chart Guys check out...
Escorts spot CMP 1380 levels. Elliot wave projection :- Counter is trading around the maturity levels of impulse wave 3. if corrective wave 4 unfolds around this levels price might correct to 38.2 to 50.00% of wave 3. Chart patterns :- Double top formation Double top formation is observed on daily time frame ,, pattern breakdown confirms once the nearest support...
Here I have used the three most popular patterns, which are pitchfork pattern , bullish flag pattern , and double top pattern on MCX Nickel daily chart. First of all, let's start with a pitchfork pattern. Nickel is running on the support line area. This movement indicates a continuous uptrend ahead. The second thing is the bullish flag pattern, which also...
BANKNIFTY | Looks like losing momentum Aggressive players - Can try shorting near 29550 zone, with small SL. Conservative player can short below the channel. Double Top, RSI Negative divergence - HDFCBANK looks weakening.