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Double Top or Bottom

ORIENTCEM Double Bottom | Opportunity Hello Everyone, Here one good opportunity in this stock ------------ Pattern: Double bottom Recent it has given break out and also consolidate near break out , So it good time to take entry and try to make good profit. Entry : 150 SL : 140 and Profit can be : 180 Its my point of view for this stock so, review it on your own and do your best. I am just try to give what i think on it. Please give me your comments on this stock what is your point of view. Like | Comment | Share Thank you.
NSE:ORIENTCEMLong
by apstockanalysis
2
Double top pattern formed in 1D timeframe of HINDPETRODouble top pattern formed and neckline broken in 28th July 1D timeframe. It has taken support on 50 EMA line. It has good potential to be a swing trade if it stays down below 50 EMA line on next trading session. Go short for a good swing trade if price breaks 276.30 which is a good resistance level. Target for swing traders can be - 263.70 If price forms bullish candle in 50 EMA line then that can act as a good support level if the price is taking a pull back currently, swing traders can go long. Long targets can be 290 and 303 respectively.
NSE:HINDPETRO
by bikramkeshari11
Banknifty Intraday. (Next week)Banknifty for ( 30/07/2023 ) Enter once "Breakout and Retracement" . . For " long " entry: 45530 target: 45760 stoploss: 45450 . . For " Short" entry: 45400 target: 45250 - 45020 stoploss: 45510 . . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . refer old ideas attached below
NSE:BANKNIFTY
by TheNuraTrading
SONACOMS : trend reversal with double bottom pattern.NSE:SONACOMS after a long down trend it seems to be ready for reversal trend. It has just breakout its resistance level 480 and forming a double bottom pattern. Traders may consider entering a position in the range of 485-490, with target levels at 515, 545 & 600. It is important to note that trading carries a risk of loss, and a stop loss at 453 is recommended to limit potential losses if the trade moves against expectations. As always, it is important to conduct thorough research and analysis before making any trades. This post is not financial advice and should not be considered as such.
NSE:SONACOMSLong
by firos_meethal
2
DOUBLE BOTTOMHello mates, As I know that this is month starting and this is not a appropriate time to analyze a chart on monthly time frame but I want to go some in deep to find out a pattern or kind of a reversal signs from strong support zones in it in Lupin so I may be find out some useful things could help someone that is all that it breaks a falling trendline on monthly timeframe so I considered it as a breakout and, The Rsi indicator also giving some reversal action in this stock which is showing that earlier this stock bottomed out at the same place with same price few months ago so we can say it is created a double bottom pattern on monthly time frame chart so I placed a Fibonacci retracement tool for coming resistances and targets for how it can retrace to one from another retracement values although these levels will act as a resistance for it. #DOUBLEBOTTOM CAUSE OF LONG-: 1- Falling resistance trendline breakout. 2- Rsi showing reversals signs.
NSE:LUPINLong
by AMIT-RAJAN
MANGALAM | INCOMING BREAKOUTMangalam Drugs has been attempting to break the 155 level, with its previous attempts getting rejected. But this time, with the solid foundation of a Double Bottom base, & a Symmetrical Triangle formed near the resistance zone, the chances of a successful breakout increases. Following points to note before initiating a Long trade: -------------------------------------------------------------------- 1. Price keeps getting rejected from a resistance zone around the 155 level. 2. This time, price breaks out of a Symmetrical triangle near the resistance zone 3. A double bottom base provides a good foundation towards the eventual breakout of the resistance zone Keeping the above points in mind, a long can be initiated as follows: Entry CMP SL 139 Targets of 1). 175.3, which is the Symmetrical triangle Pattern height, 2). 182.7 As always, keep your risk appetite mind before taking any trade. And always enter your SL first.
NSE:MANGALAMLong
by Divergent_trader
2