M&M 1DM&M formed a Double top pattern.
It is bearish pattern.
It seems to break the neck line.
If it goes down further, Short.
Just tutorial.
Double Top
Bajaj Auto: Bearish potential weekly double top & -ve newsChart wise double top break down potential exit on weekly charts and any 3447 previous swing low broken
Could see more downfall. The momentum on short term and medium term has entered bear zones .Trend
Indicators also bearish on all timeframes. Bollinger band spill out happened on weekly charts as well indicator
bearishness ahead. Entry could be on daily on breach of the previous swing low support break.
bhartiairtelbharti airtel is near resistence.
looking here may be some cautious if it makes M pattern.
it is just view.
Swing SetupEXPLANATION : This is a Daily time frame chart of UPL . The stock has been in a downtrend for days and has formed double top pattern . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell at the top , I am bullish on this stock for the coming days . Enter as per your setup .
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Swing SetupEXPLANATION : This is a Daily time frame chart of ULTRACEMCO . The stock has been in a downtrend for days and has formed kind of a head and shoulder pattern . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell at the top , I am bullish on this stock for the coming days . Enter as per your setup and sit tight to achieve the maximum target.
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Jswsl good short candidateDouble top formation on daily time frame,,
neckline around 640-644 levels,,
need confirmation of breakdown below neckline,,
Good fall possible once structure is confirmed
KEC International - Forming a Double top.NSE:KEC
KEC International - Forming a Double top.
Expect a Reversal at 453 and expect to reach 380 within 20 Days
Disclaimer - Its not a recommendation
ABFRL short term view ABFRL view on short term ..
Stop Loss and Target placed on the chart.
Entry level same as shown in chart.
watch out this stock.
thank you !!
Nifty: Would it continue or are the legs getting tired???Nifty
On rise, one may look to sell Nifty.
T1 and T2 are highlighted in charts
SL one may keep a SL at 17442 for Nifty
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
DABUR INDIA DOUBLE TOP 15 MINDABUR INDIA formed a double top. We can go long after breaking double top and go short below the levels marked.
ZENSARTECH | NSE INDIA | ANALYSISThis is the analysis of Zensartechnology stock.
Comment about my analysis...
USDCADUSDCAD is forming a double top on the monthly timeframe. Currently in an uptrend on the daily timeframe. It may respect the uptrend channel. You can place a stop order for a swing trade at 2:1 RR. On the Gann, it is on the verge of breaking the 1/1 line to continue further in uptrend.
ZENSARTECH | NSE | ANALYSISThis is the analysis of ZENSARTECH stock on NSE.
Rate the analysis in the comment.
banknifty viewbanknifty has immediate hurdle of 35400---35550
as gap resistance, channel resistance and psychological level pause
below this level one more dip towards 35200--35000 possible
UPL ShortDouble Top + Bat Pattern in UPL, Enter after price fall below the Neckline of Double Top and Target will be the D point of the Bat pattern.
BANKNIFTY done double top near 36000Banknifty made double top near 36000 which became immediate hurdle
if sustains below this than retest of 35500-600 possible
#DRREDDY Monthly bullish Weekly bearish#DRREDDY Look at the monthly for the "good" cup and handle pattern with a bullish reverse momentum divergence. Now look the weekly for the bad/ugly where it is forming a double top and approach neckline. To go for long or short depend on your time horizon for the trade.
SHOPPERSTOP LongSHOPPERSTOP Long
Today it breaks double top chart pattern also a breakout of ascending triangle pattern with good volume.
Buy above 273 (on closing basis)
SL- 240
Target- 300, 318, 355
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
