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Double Top

HDFC Bank SMC Patterns Short Opportunity --------------------------------------DISCLIMER-------------------------------------------------- * All the information shared in this chart is provided for strictly educational purposes only. * This chart is sharing information are based on the theory of technical analysis . * This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. * Back test yourself before jump into live market consult your financial adviser and use proper risk management. ------------------------------------------ HDFC Bank Level's ------------------------------------------ 4Hr TF Double top with Rejection Candle Resistance-- 1665/16670 (Target) Support -- 1648/1633/1608/1586 Trade : Sell at 1665 SL 1672 ( 7-8 Points SL) Target will be : T1- 1648 / T2 - 1633 / T3 - 1608 / T4 - 1586 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- We are not a financial advisor and you should not construe any information discussed herein to constitute investment advice This only for study purpose. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you Trading Cafe 24
NSE:HDFCBANKShort
by Trading_Cafe24
1
Double top in PEL ???!!!Chart clearly depicts the pattern. PEL - Primary trend is Bearish. Double top - with 2nd top having high lower than the 1st top . Previously there was a double bottom like formation, but the 2nd bottom low was lower than the 1st bottom's low. Let's see whether this double top works or not !!!! Entry only after the breakdown of the white dashed trendline.. Target about 80 points according to double top pattern.(760 level) SL above the high of the breakdown candle...(only closing price) Note - Just sharing my view....not a tip nor advice!!!!
PShort
by mmjimm
Dogecoin short-Multiple trade setupDogecoin is forming some bearish trade setup these days.It may give us some great fall after the breakout.Here are two trade ideas-swing and intraday that I wanna share with you guys in detail.check below. Trade 1: The first one is a swing trade.Dogecoin made a beautiful double top pattern in 1H time frame which broke out it's neckline(0.9684 level) downward and now is retesting from a lower level (0.09274) on a trendline.It is now at the breakout point of the trendline and if it breaks,a short trade can be initiated to the support level of 0.08012. You might have hold it for some days.keep an eye. Trade 2:It's an intraday.A bearish pennant is made on 15m/1h time frame and about to break out.It can break downward to the level of 0.08894.if it breaks the pattern,a short trade could be taken there.follow the levels. Make it happen,get some good profits.Happy Trading.
Short
by marketshero