I already published this IDEA before in June 4. Please view it. Whole Pharma was under pressure TODAY. ___ Target 1. 475 Target 2. 470 Target 3. 450 Stop Loss @ 499 ___ IF YOU HAVE A DIFFERENT VIEW ,PLEASE SHARE, SO THAT I CAN IMPROVE MY LEARNING. ___ THANK YOU
Looks 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
Failed to make higher high, will it it make lower lows
Sun Pharma ____ DOUBLE TOP __1 day chart pattern ____ APRIL 27 tested a new high (504.80) and failed to break it. Almost after month+ it has risen above to its Previous HIGH. ___ 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...
Intraday Nifty Future Sell ~ 10070, Stop ~ 10130, Target ~ 9950
As 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
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...
If 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)
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...
USOIL form double top in 1 hour time frame short when neckline is broken and target and stops are mentioned in the chart.
BIOCON has just formed a DOUBLE TOP and look out for reversal from this level.
short below 1340 target price 1260 stoploss 1400. Do LIKE and FOLLOW if you agree with the idea.
THE 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.
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...
Gold has formed double top pattern
TCS has gradually formed Double Top which is slanted. Historically, double top has a bearish outlook. A reason which may prove extraneous and therefore may invalidate Double Top could be Q3Y20 results. If results surpass majority of expectations then TCS may bouce back
DLF Short 4 hourly Chart 1. Double Top pattern 2. Dark Cloud Cover Pattern 3. Negative MACD Divergence 4. Very Short Stoploss.
GAIL FORM DOUBLE TOP KIND OF PATTERN ON 4 HOUR CHARTS TO MAY FALL TO THE MENTIONED LEVEL. THOSE WHO WANT TO TRADE LEVELS ARE MENTIONED ON CHART