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Double Top or Bottom

VoltasPrice is facing double top resistance at the 1434 - 1438 zone and had a pullback towards the 1410 zone. Nearby strong support is at 1400. 1400 and 1412 are buying(support) levels. Buy can be initiated depending on the price movement at these levels. Buy above 1412 with the stop loss of 1400 for the targets 1422, 1430, 1442, 1454, and 1466. If the price opens below 1410 and moves towards 1400, we can buy when the price shows bullish strength above 1400. Price is bearish below 1400. Sell below 1395 with the stop loss of 1405 for the targets 1386, 1374, and 1362.
NSE:VOLTAS
by vanathi
IREDA: Double Bottom in PlayOn the daily time frame, the chart of IREDA has recently displayed a double bottom reversal pattern , a classic technical formation often associated with a potential shift from bearish to bullish sentiment. This pattern, marked clearly on the chart, suggests that buyers may be stepping in at a previously defended price level. In the preceding downtrend, the stock failed to establish a new low and instead broke above a prior swing high, indicating a CHoCH in market structure. This shift is typically interpreted by technical analysts as a transition from bearish to bullish momentum. The RSI is currently above 60 , approaching the overbought zone. While this suggests strong buying interest, it also warrants caution as price may be nearing short-term exhaustion. However, in trending markets, RSI can remain elevated for extended periods. Additionally, the stock has managed to close above both the 20-day and 50-day EMAs, accompanied by increased volume, which adds credibility to the bullish setup. These moving averages often act as dynamic support levels and trend confirmation tools. Based on this technical structure, the next potential resistance levels are identified near ₹160, followed by ₹173 . A technical stop-loss level could be considered at a daily close below ₹140 , which aligns with the double bottom support zone. Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute investment advice or a recommendation to buy, sell, or hold any financial instrument. Market conditions are subject to change, and trading decisions should be made based on individual research, risk tolerance, and consultation with a licensed financial advisor.
NSE:IREDALong
by NiftyNotion
COALINDIA – Double Bottom Breakout with MACD Strength!📊 Pattern & Explanation COALINDIA has formed a double bottom pattern, which looks like a “W” on the chart. This occurs when price tests the same support level twice and holds strongly. It signals that buyers are defending that zone. Once the neckline (resistance above the bottoms) is crossed with momentum, it often leads to a strong upward move. 📈 Key Levels Target: 402 – calculated from the breakout projection. Stoploss: 384 – to limit downside risk. 📊 MACD Crossover The MACD (Moving Average Convergence Divergence) is a momentum indicator. A positive crossover happens when the MACD line moves above the signal line, showing fresh buying strength and supporting the bullish breakout setup in COALINDIA. 💡 Why This Setup Matters This setup combines price action (double bottom breakout) with momentum confirmation (positive MACD crossover). When support holds twice and momentum shifts upward, the chances of a sustained rally improve. Traders can use this confluence to trade with higher confidence, while managing risk with a clear target and stoploss.
NSE:COALINDIALong
by peace_lover
Maruti Suzuki . Multi time frame analysisThe price is forming a very narrow range consolidation between 15300 and 15360 in the one-hour time frame. The price can give a breakout from here or test the trend line before moving up. In the daily time frame, we can see double top resistance around the 15370 and 15388 zones. Using this analysis, when we look at the 15-minute chart, safe entry will be when the price sustains above the double top or during a pullback when the price takes support around 15200. Scenario 1: Buy above 15390 with the stop loss of 15330 for the targets 15440, 15490, 15540, 15590, and 15660. Scenario 2: Buy above 15200 with the stop loss of 15140 for the targets 15260, 15320, 15380, 15440, and so on. Always do your analysis before taking any trade.
NSE:MARUTILong
by vanathi
2
Tata Technologies Double-Bottom Breakout | Target ₹720The stock has recently completed a double-bottom reversal pattern . A double bottom is one of the most reliable bullish reversal setups, often described as a “W-shaped” formation. It occurs when price tests the same support level twice, with sellers unable to push lower both times. This repeated defense by buyers signals demand at those levels and exhaustion of selling pressure. Once price broke above the neckline (the midpoint of the “W”), the pattern was confirmed, suggesting that buyers are regaining control and an uptrend may be unfolding. But what makes this breakout even stronger is the confluence of technical signals: Bullish MACD Crossover : The MACD line has crossed above the signal line, shifting momentum to the upside. This indicates that bullish momentum is not only present but accelerating. Volume Surge : Breakouts accompanied by rising volume are considered stronger and more reliable. In this case, the surge in volume confirms that institutions and larger players are participating in the move, adding credibility to the breakout. Together, these signals create a powerful alignment of pattern, momentum, and participation. Trade Plan : Entry : On breakout above neckline or on a healthy retest of the neckline as support. Target : ₹720, calculated as the measured move objective from the double bottom formation. Risk Management : Always size positions carefully. Risking only 1–2% of capital per trade ensures you can survive a string of losses and stay in the game long-term.
NSE:TATATECHLong
by peace_lover
Nifty 50 – Bearish Engulfing at 25,150, Eyes on FedNifty rallied into the 25,150 zone and immediately met resistance. The daily chart printed a bearish engulfing candle , a textbook reversal signal after a short-term rally. From a pure price-action perspective, this suggests caution as bulls lose momentum at a key supply zone. However, context matters. The Fed interest rate decision on 17th Sep night is the big catalyst ahead. Until then, markets may prefer to stay rangebound rather than commit to a direction. Derivatives data backs this: Heavy Call OI at 25,100–25,200 creates resistance. Strong Put OI at 25,000 provides support. With PCR near 1.0, the bias leans neutral-to-cautious. In short: the bearish engulfing is valid, but expiry flows (16th Sep) and the Fed decision (17th Sep night) will decide whether this turns into a deeper pullback or gets invalidated by a breakout.
NSE:NIFTY
by WaveXplorer
INDUS TOWER broke out of Double Bottom - Bullish DOUBLE BOTTOM breakout - indus tower has recently broken out of double bottom. A double bottom is formed when 2 consecutive troughs are formed and the neckline is at the same level as the joining line of the 2 troughs. price has broken out of this neckline indicating strong upward potential BOLLINGER BAND SQUEEZE Breakout - price has recently broken out of a perfect bollinger band squeeze indicating strong upward momentum for the stock. A squeeze is formed when the upper band and lower band of bollinger band comes very close to each other and breaks out of it in either direction TARGET - price is expected to reach 382 STOPLOSS - if price closes below the neckline then exit the position
NSE:INDUSTOWERLong
by peace_lover
SBICARD at Key Level: Watch ₹780 Support, ₹830 BreakoutSBICARD is currently displaying a double bottom pattern on the daily chart — a bullish reversal setup that typically forms after a downtrend. This pattern signals that the stock is attempting to establish a strong base and could be preparing for an upward move. ⚖️ Key Levels to Watch Support Zone: As long as SBICARD holds above ₹780, the structure remains strong and the pattern is valid. A breakdown below this level could weaken the setup. Breakout Confirmation: A closing above ₹830 will serve as bullish confirmation of the double bottom breakout. Upside Targets: Once confirmed, the stock has potential to rally toward ₹860–880 levels in the short term. ✅ Summary In short, SBICARD is in a consolidation phase, attempting to break out from a double bottom. Holding above ₹780 keeps the bullish bias intact, while a breakout above ₹830 can trigger the next leg higher.
NSE:SBICARDLong
by ChartsBySachin
Bajaj Finserv – Double Bottom Breakout Hits 2082!Bajaj Finserv recently broke out of a double bottom pattern , confirming strong bullish momentum. After the breakout, price action swiftly reached the target of 2082 , validating the pattern’s strength. Adding to the bullish sentiment, the stock also achieved a breakout above 50D SMA and 100D SMA , showing renewed medium-term momentum and strong follow-through buying. This breakout above critical levels suggests that the trend is gaining strength. Sustaining above these moving averages could attract further momentum traders and long-term investors. 📊 Key Highlights: Breakout from double bottom pattern ✅ Target of 2082 achieved 🎯 50D SMA & 100D SMA breakout 🔑
NSE:BAJAJFINSVLong
by peace_lover
Mazagon Dock – Breakout Victory: Target Achieved at 2925!Mazagon Dock recently delivered a strong breakout from a descending wedge pattern , signaling a shift in momentum. After the breakout, price action surged and successfully reached the target of 2925 . Interestingly, the stock also took a reversal from the 200D SMA , which acted as a major resistance zone . This confluence of technical factors highlights the importance of moving averages in identifying key turning points. Currently, traders should watch how the price reacts around this zone. A sustained move above 200D SMA may open the doors for further upside, while rejection could trigger some healthy consolidation. 📊 Key Takeaways: Breakout from descending wedge pattern ✅ Target of 2925 achieved 🎯 200D SMA acted as resistance 🔑
NSE:MAZDOCKLong
by peace_lover
EUR/USD | 30M | Live Execution Zone We’ve marked out our trade zone post-CPI. Price tapped into our supply pocket at 1.1747 and is now reacting as anticipated. Position structured with: Entry at the rejection from supply Stop above the sweep zone Target the lower liquidity pool near 1.1680 Key narrative: Market took out liquidity on both sides, confirmed displacement, and is now showing signs of delivering south before the next structural shift. This is a clean setup aligning with the higher-timeframe bias — patience and discipline doing the work.
Short
by YCGH_Capital
Double-Bottom Breakout → Bulls in Control | Target ₹4219The stock has recently completed a double-bottom reversal pattern . A double bottom forms when price tests the same support level twice and fails to break lower, creating a “W-shaped” structure. This indicates that sellers tried twice to push the stock lower but were unable to, while buyers stepped in to defend the level. Once price breaks above the neckline (the midpoint of the “W”), the pattern is confirmed, often signaling the start of a bullish trend. Adding further strength to this setup, price is holding firmly above the 50D, 100D, and 200D SMA . Here’s why this matters: 50-Day SMA : Represents short-term trend. Interestingly, the stock has now tested the 50D SMA thrice and held each time , showing strong buyer interest and reinforcing bullish momentum. 100-Day SMA : Reflects medium-term structure; price above this confirms that buyers dominate the broader swing. 200-Day SMA : The long-term benchmark; trading above this signals the stock is firmly in an uptrend. When price stays above all three moving averages, it shows alignment across short, medium, and long-term trends — a powerful confirmation that bulls are in control. Trade Plan : Entry : On breakout above neckline or on a pullback retest of neckline as support. Target : ₹4219 (measured move objective from the double bottom pattern). Risk Management : Stick to disciplined sizing; risk no more than 1–2% of trading capital.
NSE:KEILong
by peace_lover
Coforge | Double Bottom Reversal with RSI + MACD Breakout📌 Coforge Ltd. – Closing Price: ₹1,768.60 📊 Technical Indicators Explained Coforge is showing strong technical signals. A Double Bottom pattern 📉➡️📈 suggests a possible bullish reversal, while a strong bullish candle 🔥 confirms momentum. The RSI breakout ⚡, MACD crossover 📊, and volume surge 🚀 all indicate growing trader participation. With supports holding firm and resistances nearby, the stock is entering a decisive zone. ________________________________________ 📈 Bullish Case – Why the stock could go up Double Bottom signals potential trend reversal. Strong bullish candle with volume validates buying interest. RSI breakout + MACD crossover = bullish confirmation. Fibonacci retracement levels open upside zones towards ₹1,852 – ₹1,994+. 📉 Bearish Case – Potential downside risks If price fails to sustain above ₹1,726, weakness may return. Broader market corrections could weigh on momentum. A breakdown below ₹1,657 would weaken the bullish outlook. ⚡ Momentum Case – Short-term Trading Edge Strong bullish candle + RSI breakout = near-term strength. Sustaining above ₹1,780–₹1,800 could push towards higher Fibonacci levels. Heavy volume indicates short-term traders are active. 📊 Support & Resistance Levels Support Zones: ₹1,657 | ₹1,683.67 | ₹1,726.13 Resistance Zones: ₹1,794.93 | ₹1,821.27 | ₹1,863.73 📅 Short-term vs. Long-term Perspective Short-term: Stock may test resistance levels between ₹1,795 – ₹1,860 if momentum sustains. Long-term: Formation of a double bottom indicates potential for a structural trend reversal if higher levels hold. ✅ Conclusion: Coforge is showing a technical reversal pattern with strong momentum signals. 👉 The stock is at a key breakout zone — short-term traders may track resistances closely, while long-term investors can monitor the double bottom for confirmation of sustained trend change. ⚠️ Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data. Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results. If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades. Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments. 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover clean, structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. 👉 “If you liked this breakdown, follow for more clean, structured setups with discipline at the core.” 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:COFORGELong
by simpletradewithpatience
Unlocking Structure: Multi-Timeframe Mapping Today’s chart highlights the value of multi-timeframe analysis for structured observation. On the right (WTF), the weekly perspective provides a broad structure, showcasing a clean counter trendline and its reaction zone. A green box and magnifier zoom into this region, framing the context for the daily (DTF) chart on the left. On the DTF view, the same zone is explored in detail. Here, there's an active counter trendline (white) and a pronounced double bottom formation resting on a blue Flip zone—noted for educational reference rather than outcome prediction. Both timeframes display how structural overlaps and retests can be identified, serving as useful pattern recognition and risk management. Disclaimer: Trading involves significant risk and is not suitable for all investors. Past performance does not guarantee future results. Always conduct your own research, consider seeking advice from a qualified financial advisor, and trade only with capital you can afford to lose.
NSE:ELECONLong
by Averoy_Apoorv_Analysis
2
SBI Card | Double Bottom Breakout | Bullish BiasSBI Card is showing signs of strength on the daily timeframe, completing a double bottom pattern, a classic bullish reversal setup. The stock is expected to close positively today around ₹830, confirming breakout intentions. 🔹 RSI is hovering near 60, indicating rising bullish momentum without being overbought. 🔹 The 20 EMA is sloping upward, reinforcing the short-term bullish trend. 🔹 Watch for resistance near ₹880, which coincides with a falling window gap — a likely profit-booking and supply zone. 📌 Key Levels: Breakout above ₹830 can trigger momentum towards ₹880. ₹880 remains a crucial level to watch for follow-through or rejection. 🔔 Keep an eye on volume confirmation to validate the breakout.
NSE:SBICARDLong
by Arvind_Share_Academy
Sun Pharma – Double Bottom and Trendline Test AheadChart Summary Sun Pharma’s weekly chart shows a completed W–X–Y corrective structure. Wave W bottomed near ₹1,553.05, followed by a corrective X at ₹1,851.20, and Wave Y terminating at ₹1,556.20. This final Y-leg has unfolded as an abc zigzag, respecting the larger corrective framework. Price Action Highlights A potential structural double bottom has formed around the ₹1,553–₹1,556 zone, hinting at possible exhaustion of the correction. The latest candle is a hammer-like bar, suggesting demand stepped in around support levels. Overhead, a major downtrend resistance line connecting the highs (₹1,960.35) to the swing X (₹1,851.20) remains the decisive breakout level. A clear stop-loss line sits near ₹1,520.40, aligned with the 100% extension of Wave A inside Y. A break below this level invalidates the bullish case. Volume Perspective Recent selling has come with a volume spike, often seen during exhausation selling phases. If volume eases on follow-up candles while price holds above the support zone, it strengthens the case for a reversal. Outlook If price can sustain above the ₹1,553–₹1,556 support cluster and eventually break the trendline resistance, it may confirm the end of the corrective phase and open the door for a new impulsive sequence higher. Failure to hold the stop-loss zone, however, would negate this view and suggest further downside. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:SUNPHARMALong
by WaveXplorer
Motherson Sumi Wiring - Double Bottom & Head & Shoulder PatternMotherson Sumi Wiring is looking for a 50% jump from current price. Following are the factors: Technical Analysis: 1. On weekly time frame, it is making a Double Bottom Pattern 2. On Weekly time frame it is making a Head & Shoulder Pattern 3. A confluence point along with strong weekly candle will take this price upwards Fundamental Analysis: 1. Strong player in harness wiring 2. Supplying in top 10 automobile models - auto sector is in strong uptrend 3. New factories - Haryana, Pune and Gujarat - already clocked 200cr from these green field projects A must in your portfolio. Keep following @Cleaneasycharts as we provide "Right Stocks at Right Time at Right Price" Cheers!!
NSE:MSUMILong
by Cleaneasycharts
3
Bikaji Foods cmp 800.05 by Daily Chart viewBikaji Foods cmp 800.05 by Daily Chart view - Support Zone 774 to 788 Price Band - Resistance Zone 825 to 840 Price Band - Pretty closely considerate Bullish Double Bottom formed - Support Zone seems like going thru testing retesting mode - Falling Resistance Trendline Breakout seems been attempted - Price momentum seem respecting the Rising Support Trendlines - Bullish Rounding Bottoms with Head & Shoulders below Support Zone - Price Breakout will sustain after closure above Resistance Zone for few days
NSE:BIKAJI
by PIYUSHCHAVDA