A wolfe-wave with Double top setup. RR is high. Good Setup. Invalid above todays high(1937)
NSE:BALAMINES has completed Double Top pattern. After the break of neckline, the Target will be the height of the top to neckline. Can we see the breakout or failure in pattern?
Attached: Daily Chart as of 11th October 2022 Price has confirmed the Double TOP Breakdown today as 3450 Neckline broken✅ Price also broke Trend Channel drawn from May Low✅ Downside Target has opened to 3240🎯🔨📉 Stop Loss above 3450
Double top formation with momentum on downside. Renuka Sugar has formed double top formation in daily time frame and Longterm investor should be cautious in this stock as major reversal may happen in this stock. Momentum on down side is strong as RSI level is below 40 and volumes has been increasing in down trend. Bullish trade should be avoided in this...
Bank Nifty 30 Mins chart Analysis. The Price target for this Double top was the height of the Top. Short trade was taken after the break of neckline and targets for the same are nearly done. * It is my Analysis and not a recommendation of Buy or sell.
In Hourly chart NSE:AFFLE has given the breakout of Double top. Previous trend was uptrend. Price Objective for the same will be the height of top. * It is my analysis and not a recommendation to buy or sell.
Cochin Shipyard is forming double top on weekly chart near 420 - 435 range. These levels are very crucial as if these levels are crossed stock can shows fresh 52 week highs.
NIFTY making doubble tip and bearish divergence on daily frame. we can go short after it breaks the neckline.17300-18100 is a consolidation area it may spend few weeks in this area.
Due to the strong bearish candle on Friday's session, the Nifty has formed a bearish engulfing candle on weekly charts which indicates exhaustion of the uptrend. Is this so? let's take a multidimensional view Nifty has passed below 20DEMA above which it was taking support in last few days which is a sign of weakness and a signal of strength...
$ATOM forming double top pattern. Its not confirmed yet. But one can try shorting now with SL at the previous high.
From the last update- 40600 was the key level which halted the up move exactly & same level acted as resistance in opening session when index opened gap down. It travelled upside to 40605 close to 40600 resistance & dropped sharply down to 40378 -which is our critical level for upcoming sessions. Index has been choppy since the bottoms of 40280 & the waves looks...
stock corrected almost 50% from its 52 week high and we can see double top formation and price corrected and now double bottom is formed and cup is made of double bottom with falling wedge as handle now we can consider it to be in the buyzone and we also see rsi positive divergence + price closing above 75 ema so multiple signals prove that we have a...
#ITC Cash Positional for a week 21.Aug 2022 Looks good sell below 310 Stoploss 317 Target 303-304/296 (Range play) Cmp 312.05
ICICI Bank looks overbought on RSI and a doji formation suggests a double top formation, the chart is pretty self exploratory. Always trade with SL ! ! !
If the given range is taken out we can expect a good momentum till the nearest swing. Just keep eye on this when the entry is triggered. If you observe the L&T structure you will find that it gives consolidation breakout, consolidation breakout same pattern it's following.
On 4H TF reliance is looking good and it has given a breakout of resistance which is tested couple of time. We can expect a momentum till 2800, there is open area for reliance to move out. For entry you can use 5 minutes TF. (Only price action, no news)
If you observe this stock. It has given breakout on weekly TF and entry is activated. If someone is looking for a positional trading, It is going to be a good trade. Just observe this trade.
HCL tech multi timeframe analysis for swing trading in hindi in this video i have shown, 15 minutes & daily chart analysis of HCL tech. and trade setup for next day 08/08/2022. you will get idea of where to short sell & where to put stop loss. i have shown practical use of reversal pattern such as triple top, H&S, double top & rising wages pattern. i have also...