Popular Today
Popular Today
Popular All Time
Newest

Double Top or Bottom

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.
NeeteshJain NeeteshJain TOP KPIT, D, Long ,
KPIT: KPIT - Strong Breakout and Sound Fundamentals
89 0 9
KPIT, D Long
KPIT - Strong Breakout and Sound Fundamentals

It has been observed that the price action breaks above the consolidation triangle indicating buyers comeback and further move up. The company is fundamentally strong and sounded. Key Ratios: Market Cap: 2500 Cr. P/E: 11.65 CMP/BV: 1.53 times Debt to Equity: 0.24 times Operating Profit Margins: 10-12% ROE: 14.75% (Resources: screener.in) Short Term ...

desipplz desipplz TCS, D, Short ,
TCS: TCS Tripple TOP
33 0 3
TCS, D Short
TCS Tripple TOP

TCS Tripple TOP 1 can look too short it at/below 2579.5 with 2615 as SL T1 - 2569 T2 - 2541 T3 - 2518 T4 - 2495 as expiry is approaching aggressive trader short 2600 CE CMP = 16.6 so profit 16.6*250=4150 if stock stays below 2600 conservative trader short 2650 CE CMP = 5.5 so profit 5.5*250=1375 if stock stays below 2650

Ritesh_Patel Ritesh_Patel PRO ONGC, D,
ONGC: ONGC
84 0 3
ONGC, D
ONGC

Wyckoff Analysis. Range high test done and rally >175 would indicate Mark-up phase.

Vijayaraghavan Vijayaraghavan HDIL, D,
HDIL: HDIL View
90 0 4
HDIL, D
HDIL View

Double bottom formation done. Waiting for breakout at 66.10. MACD cut will happen on coming days. Stoch also moving from oversold region. Target range :62,66. After breakout the double bottom range on upside Target is 74-78

RaviYendru RaviYendru PRO ONGC, 240, Long ,
ONGC: ONGC Double bottom
67 0 2
ONGC, 240 Long
ONGC Double bottom

Can target 182 in the near term

desipplz desipplz CASTROLIND, D, Long ,
CASTROLIND: Castrol India Double/Triple Bottom
128 0 5
CASTROLIND, D Long
Castrol India Double/Triple Bottom

Castrol India Double/Triple Bottom Created Hammer a day before yesterday and yesterday it created Doji and today Shooting Star Seems like Good support which is hard to break so Lets go long with proper SL Long at/above 355 with 347 SL Target - 38.2% Retracement

shyam.sega shyam.sega HINDALCO, 240, Short ,
HINDALCO: Hindalco - Double top reversal
165 0 7
HINDALCO, 240 Short
Hindalco - Double top reversal

Hindalco has reversed from its resistance forming double top reversal Can short it below 247 T1 - 242 T2 - 235 SL - 254

desipplz desipplz AJANTPHARM, D, Long ,
AJANTPHARM: Ajanta Pharma Double Bottom
101 0 5
AJANTPHARM, D Long
Ajanta Pharma Double Bottom

Ajanta Pharma Double Bottom Rsi has Turned Bullish + Made double bottom Lets go long with a 1108 as hard stop loss for target of 38.2% Retracement

Vijayaraghavan Vijayaraghavan AMARAJABAT, M, Short ,
AMARAJABAT: Amaraja view from Monthly chart
60 0 2
AMARAJABAT, M Short
Amaraja view from Monthly chart

Line 1- 1032; Line 2 :832 Double top formation and breakout done at 832 last month. Target: 628-642 (1032-832=200). If it is going up on coming weeks, use for short for the target range.

desipplz desipplz STAR, D, Long ,
STAR: Star 5th Bottom Will it make it or Break it
186 4 9
STAR, D Long
Star 5th Bottom Will it make it or Break it

Lets Long seems like Very Strong Support Entry - 857 SL - 845 T1 - 894 T2 - 922 T3 - 967

safetradingviews safetradingviews NIFTY, D, Long ,
NIFTY: Nifty - Trend Line Support.
198 0 10
NIFTY, D Long
Nifty - Trend Line Support.

Nifty taken trend line support. Taken support @ 50% Fibo. Formed double bottom & bounced. Details mentioned in chart. (Spot Levels). Risk reward favourable. Positional View for October Series. I am not a SEBI Registered Financial Advisor.

GSKASAR GSKASAR AUROPHARMA, D, Long ,
AUROPHARMA: #AUROPHARMA - Double bottom near 665
31 0 1
AUROPHARMA, D Long
#AUROPHARMA - Double bottom near 665

AUROPHARMA has formed double bottom formation on daily chart. Expect bounce back to 715. below 665 is negative for the stock.

Einstein15 Einstein15 TOP PNBHOUSING, D,
PNBHOUSING: PNBHOUSING Breakout
52 0 6
PNBHOUSING, D
PNBHOUSING Breakout

PNB Housing broke out of its lifetime expanding wedge, After making a double top,finding neckline support at 618 FIB of the previous leg up. Moving in the green channel, its currently in breakout/reversal zone.

desipplz desipplz IDEA, D, Long ,
IDEA: Idea Triple Bottom
75 1 6
IDEA, D Long
Idea Triple Bottom

Idea has made 3rd Bottom recently and ended with DOJI 1 can go long for target of 38.2% retracement

shyam.sega shyam.sega MOTHERSUMI, D, Short ,
MOTHERSUMI: Motherson Sumi - Double Top Reversal
107 0 5
MOTHERSUMI, D Short
Motherson Sumi - Double Top Reversal

NSE:MOTHERSUMI has formed double top and has reversed from its high. One can short it below 334.50 Target 1 = 320.50 Target 2 = 308

yndesai yndesai ONGC, D, Long ,
ONGC: ONGC double bottom
15 0 0
ONGC, D Long
ONGC double bottom

https://in.tradingview.com/x/tw141Fjt/

desipplz desipplz INDIANB, D, Long ,
INDIANB: Indian Bank Bullish Butterfly
69 0 4
INDIANB, D Long
Indian Bank Bullish Butterfly

There is Bullish Butterfly but as per our ABCD Entry will be activated at/around 250 There is a case of Double Bottom too but that too needs price to come around 250 levels 1. so our projection is to wait for proper entry 2. desperate trader long tommorow with current candle Low as SL 3. we will wait for price to come more down so we get entry as per our ...

desipplz desipplz ICICIPRULI, D, Long ,
ICICIPRULI: ICICI Pru Life Double bottom
73 0 4
ICICIPRULI, D Long
ICICI Pru Life Double bottom

Seems Like Double Bottom is broken but took longtime support at 380 RSI has turned slight Bullish so Lets long with hard stoploss 377 and target = 38.2% retracement

Show More Ideas 1234567
India
United States
United Kingdom
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out
Browse