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The double top is one of the most popular patterns in trading. It's a reliable reversal pattern that can be used to enter a bearish position after a bullish trend. It consists of 2 tops at nearly the same level with a valley in between, which creates the neckline. The second top does not break the level of the first top, so the price retested this level and tried to make a higher high, but failed. Price breaking the neckline and closing below it would complete the pattern.

Conservative traders look for additional confirmation and aggressive traders may enter a bearish position from the second top. The target can be estimated by measuring the height of the pattern and projecting this downwards from the neckline. Common stop levels are just above the neckline, halfway between the neckline and the tops or above the tops. The double bottom is the bullish version of this pattern that can form after a downtrend. A popular variation of this setup is the 2618 trade (as taught by Jason Stapleton) with specific rules for the pattern configuration including where to enter and to exit the trade.
198 0 1
CASTROLIND, 30 Long
CASTROLIND LONG

CASTROLINDIA looks like a promising reversal at this moment. We Initially, predicted an up move on 13th Yet, it gap down violently below the demand zone and just recovered from the bottom without any volume Such a recovery without any volume tells us that there are no selling pressure in the market and this is just a mark down from long term buyers after ...

DSKF16 DSKF16 CADILAHC, 1D, Long ,
48 0 1
CADILAHC, 1D Long
CADILAHC: Take advantage for Pull Back.

Current Candle Long Legged DOJI. T+2 Tgts:@ 345.45 - 347.50 - 349.55 - 351.50 - 355.50 - 359.00+ Best Entry & Accumulation Level: @ 339.20 - 335.10 - 333.10.

yndesai yndesai MARUTI, 1D, Short ,
28 0 1
MARUTI, 1D Short
Double top underway at Maruti

Considering clear distribution witnessed in this counter it is likely to form double top. If 8250 is broken we can see 6500 levels here.

207 0 2
SUNPHARMA, 1W
chart patterns, descending channel, double bottom

sunpharma has been within descending channel, and it has formed double bottom on weekly charts, all these patterns i have marked in the charts, one can look for breakout of the neck line to see a good upmove or the prices may travel within the range . .... please comment your ideas

121 0 6
LICHSGFIN, D Short
LIC Housing - Back In Channel.

Moving in downward channel. As per previous chart touched upper line of channel & trying to break out above it but fail to sustain & formed a Double Top. Below 545 looks weak. Sell Below 545 only. Targets are 519/509/499, Resistance @ 565. Will review later near targets/resistance. Positional View. Other Details Mentioned In Chart. Please Consult Your Financial ...

65 0 1
SUNPHARMA, 1M Long
Made exact double bottom in Monthly chart

We can buy from here following are reasons:- 1) Made exact double bottom in monthly chart. 2) broke the trend line 3) made doji 4) Made divergence on MFI 5) SL is 434, and tgts are all above fiboo level, risk reward ratio is best

116 4 3
MUTHOOTFIN, 1D Long
DOUBLE BOTTOM REVERSAL/PF

The Stock has broken the Double bottom neckline and traded above it so we can conclude that it has changed its bearish behaviour. Price us retesting the previous bottom and bounced from there. RSI is healthy. We can frame a long trade with the following details Entry 398 SL 379 Target 424/440 PF setup may guide the price movement and target. Disclaimer : All ...

352 3 10
LICHSGFIN, 1D Long
Unique Parallel Channel Reversal

Price are moving in a parallel channel but in a special way as it touches the same line twice before turning the direction. It has already touched the lower trend line twice so we can expect it to go the upper trend line now. Rectangle pattern may give minor resistance at 505 and on crossing decisively, it may see the 540 level. Disclaimer : All ideas are my ...

sassy_ankit sassy_ankit JSWSTEEL, 1D, Long ,
56 0 1
JSWSTEEL, 1D Long
Will JSWSTEEL break its ALL TIME HIGH & continue its uptrend

1) Testing its ATH (All Time High) level. 2) Perfect 'v' formation @ important level (which is very very bullish indication) 3) 78.6% fibonacci extension level on WEEKLY timeframe coincides with ATH. As we know, breakout of 76.8% lvl of fib extension considered as continuation of the mail trend. 4) Concern : forming DOJI from last two days. 5) Relief : Even ...

muhd_nihal muhd_nihal ENGINERSIN, 1D, Long ,
76 0 8
ENGINERSIN, 1D Long
Double Bottom Breakout

Although the breakout has happened, Enter only above 136 (Above current swing high)

muhd_nihal muhd_nihal CHENNPETRO, 1D, Long ,
110 0 8
CHENNPETRO, 1D Long
ChennaiPetro Probable Double Bottom Breakout

Entry above 319 SL 291 Target 372

muhd_nihal muhd_nihal CESC, 1D, Long ,
123 1 9
CESC, 1D Long
CESC Double bottom breakout

Check chart for idea details

55 3 2
NHPC, 1D
NHPC SELL Below 24.05.

SELL Below 24.05. Double bottom pattern. Tweezer top candle formation. And trend line reversal.

222 2 9
BHARATFORG, 1D Long
2B Reversal/Divergence

Chart has formed 2B reversal pattern which can be used for a reasonable Risk to Reward trade. One can enter a long where SL of 583 is affordable. Target 640 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

khamis12 khamis12 GBPAUD, 60, Short ,
17 0 0
GBPAUD, 60 Short
Pin bar on resistance line

GBP/AUD is planing to resume its bearish trend rally after 4 days of bull trend.

PRAKASHC PRAKASHC SUNPHARMA, 1M, Long ,
72 0 0
SUNPHARMA, 1M Long
SUNPHARMA-Double Bottom-Long

IF It is Break Neck Line 608 - it may Achive Target1-641.50, Target 2-712 and Target3 -771 Disclaimer: https://goo.gl/S1du6Y

Elvis999 Elvis999 EICHERMOT, 1D, Long ,
41 0 0
EICHERMOT, 1D Long
Eicher Motors - Bullish trade set up

Double bottoms have formed and the trajectory looks like its going to be breaking its neckline to head into new highs, Expected target 31500-32000 levels. This coupled with good results show that this is quite achievable. Buy 2 lots in futures and stop loss as indicated in the charts

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