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Double Top or Bottom

Navinfluorine Looks Good!NSE:NAVINFLUOR The price appears to have found a bottom, signaling a potential reversal as it breaks upward following a phase of consolidation or indecision. The Diamond Bottom pattern typically forms during a downtrend, where prices initially create higher highs and lower lows, forming a broadening structure. Over time, the trading range narrows as the highs peak and the lows begin trending upward. A decisive upward breakout from the diamond's boundary confirms the reversal, marking the transition to a new uptrend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NAVINFLUOR
by hardeepssethi
Will DOGEUSDT Break Free or Collapse? The Critical MomentYello, Paradisers! Are you ready for what’s coming with DOGEUSDT? 🧐 Let’s break it down. 💎DOGEUSDT has been in a clear downtrend, sticking closely to a resistive trendline. As it edges closer to a significant support zone, the probability of a bounce increases. This is a key area to watch. 💎If we see a Change of Character (CHoCH) from this support zone and a break of the resistive trendline, we can anticipate a move upward toward the next resistance zones. However, consolidation is also a possibility, so caution is advised before any entries. 💎In the scenario where DOGEUSDT breaks above and closes a candle above the resistance zone, we could see the formation of a "W" pattern. This structure would significantly increase the probability of a bullish move. 💎On the flip side, if the price breaks down and closes below the support zone, this would invalidate the entire bullish idea. Stay alert and make sure you're watching the key levels closely! 🎖As always, patience and discipline are key. We’re staying sharp and sticking to our plan. Only those who maintain a level head and follow the strategy will make it in the long run! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
MATRIMONY - Ready for BreakoutMATRIMONY - Matrimony.com Ltd shows a promising technical setup with signs of a potential bullish move, given certain conditions are met. Here’s a detailed analysis: 103-Week Downtrend and Consolidation: The chart indicates a prolonged downtrend lasting about 103 weeks, followed by a consolidation phase of similar length. This long consolidation after a downtrend typically signifies accumulation, where sellers lose strength and buyers start gaining control. Double Bottom Pattern: A double bottom has formed, which is a bullish reversal pattern. This suggests that buyers are stepping in at a certain support level, preventing the price from declining further. Stage 2 Breakout: The stock has successfully broken out of its Stage 2 area, indicating a transition into an uptrend. This is typically a strong sign that the stock is moving from consolidation to growth. Small Base Formation and Support: After the breakout, the stock formed a small base above the support level, showing stability and giving further confidence in the continuation of the uptrend. This base acts as a springboard for further upward movement. 20-Week and 40-Week Moving Average Crossover: The chart shows a bullish crossover where the 20-week moving average crosses above the 40-week moving average, confirming the beginning of a potential uptrend. This crossover often acts as a strong buy signal. Volume Analysis: Volume appears to have increased significantly on breakout days, suggesting that institutional buyers are likely entering the stock, which further supports the bullish scenario. Targets: If the stock sustains above the small base and support levels, it may reach the following targets: Target 1: ₹990 Target 2: ₹1,041 Target 3: ₹1,200 Conclusion The technical setup of Matrimony.com Ltd. is showing bullish signals, with a double bottom pattern, Stage 2 breakout, moving average crossover, and high volume support. The stock appears ready for an uptrend if it holds above its current support level. A break above the small base would provide confirmation, and it may reach the projected targets in the coming weeks.
NSE:MATRIMONYLong
by Profit_Trader25
Vedl- Bullish from short term to very long termVedanta- First sign of bullishness shown after two months of fall. Always the lower timeframes indicates the change in trend. So lets start from the smaller timeframes. 1. 15 mins- Low to high and higher low is the first indicator of the bullish trend which can be seen now. Higher high and higher low is not formed clearly still as they are almost at the same level to their previous highs and lows. 1 hour- Formed double bottom because of the same levels of previous highs and lows in the 15 min timeframe. Breaking the resistance of 472 will take it to the target of 490 which again unleashes the Rounding bottom pattern. Daily- After breaking the Rounding bottom pattern, the target of 533 will be achieved with the intermittent targets of 500 and 520. Weekly- Reaching each and every resistance will unleash the bigger and bigger rounding bottoms with the higher targets until 600 and 670 intially.
NSE:VEDLLong
by Flash_J
CNX SMALL CAP- BULL BULL BULL EVERYWHERENIfty Smallcap- Timeline analysis 1. Quarterly- Cup and handle breakout was done on July 2023 for which the target of 21900 is still pending. So Bullish in Quarterly 2. Monthly- 17844 and 18459 acted as a good support due to which Oct month candle didnt go beyond that. Retracement to the August month low is over. With the support of 18600 small cap index will move further up. So bullish in monthly 3. Weekly- Formed a double bottom structure with the target of 21700. If the weekly candle closes above 18459 tomorrow, then the upmove is possilbe until 19222 initially. Because everytime good upmove is seen once it touches 18459. Breaking the strong resitance of 19222 will take it to the target of 21700 - 21900. So bullish on weekly 4. Daily - Daily candle closed strongly above the support of 18459 which ensures the upmove until 19222 initially and then to 21700-21900 after it breaks the strong resistance of 19640. So bullish on Daily. 5. Hourly- The high to low and lower high to lower low is negated since the candle closed above 18459. Now low to high and higher low is formed which ensured bullish in hourly too.
NSE:CNXSMALLCAPLong
by Flash_J
SOLUSDT: Is a Bullish Move on the Horizon?Yello, Paradisers! Are we about to witness a bullish surge in SOLUSDT, or should we brace for a breakdown? 💎The current setup suggests that inducement might be in play, but the key to a higher probability bullish move lies in waiting for a Change of Character (CHoCH). If the price approaches the support zone and gives us that CHoCH, we can confidently plan our entry on the pullback. 💎However, be cautious! If the price breaks down below the support zone and closes a candle beneath it, that would invalidate our bullish outlook and signal a bearish trend. Since we're not interested in the bearish side for SOLUSDT, it would be wise to ignore any short positions in this scenario. 🎖Remember, patience and discipline are crucial. Only enter trades that align with your strategy and offer the highest probability of success. This approach is how you stay ahead in the long run. Stay sharp and trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
AGI Greenpac Ltd. - Looks Good!NSE:AGI This stock has formed a pattern called Double Bottom. A "double bottom" is a chart pattern used in technical analysis to predict a potential reversal of a downtrend. It typically occurs after a prolonged decrease in price and consists of two distinct lows at approximately the same level, separated by a moderate peak. target price for the intermediate-term in the range of 955.00 to 965.00. Also The MACD has also generated a bullish signal. RSI above 60. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:AGI
by hardeepssethi
1
PANACEA BIOTECH : Chart Pattern Breakout#PANACEABIO #chartpattern #breakout #trendingsetup #swingtrade PANACEA BIOTECH : Breakout Candidate >> W Pattern Visible >> Trending Setup >> Volume Dried up >> Good Strength in Stock Swing Traders can lock profit at 10% and keep trailing Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:PANACEABIOLong
by moneyfesttrading
Godrej Consumer Ltd#stocks #investing #trading #trade #invest #swingtrade #bullish Key Observations: 1. W-Pattern Formation (Hourly Timeframe): The stock is forming a bullish “W” pattern, which typically signals a potential trend reversal, indicating possible upward movement in the short term. 2. Bullish Divergence in MACD: A bullish divergence in the MACD indicates that momentum is strengthening despite previous price weakness, further supporting a potential uptrend. 3. Trendline Breakout with Rising Volume: The stock has broken out from a falling trendline with rising volume, which confirms buying strength and suggests a reversal of the prior downtrend. 4. Support at 200 EMA (₹1,314): On the daily chart, the stock has taken support and bounced from the 200-day EMA, a strong indicator of long-term support and potential upside continuation. 5. Resistance Levels: Key resistance levels are seen at ₹1,360 and ₹1,410. A breakout above these levels could lead to further price appreciation. Trading Strategy: • Bullish Outlook: The combination of the W-pattern, MACD divergence, and breakout above the trendline indicates a favorable bullish setup. • Resistance Levels: Monitor price action near the ₹1,360 and ₹1,410 resistance zones for potential breakouts or pullbacks. • Risk Management: The 200-day EMA at ₹1,314 serves as a crucial support level. A close below this level could signal a change in trend, so managing risk with a stop-loss near this level is recommended.
NSE:GODREJCPLong
by karan_bagri
USDT.D FORMING BEARISH DIVERGENCE IN DAILY TIME FRAMEUSDT.D ( CRYPTOCAP:USDT dominance) appears to be forming a double top pattern on the chart, signaling potential weakness. This is further confirmed by bearish divergence on the RSI, where price action is making similar highs, but momentum is decreasing, indicating the possibility of a reversal. If this double top confirms with a breakdown from current levels, particularly if it loses the 5.3% support, it could trigger a significant reversal in USDT dominance. This scenario would likely lead to a bullish move across Bitcoin and altcoins since a decrease in USDT dominance typically indicates that traders are moving their funds from USDT into cryptocurrencies. Waiting for confirmation before making any moves is crucial to avoid false breakouts or invalid patterns.
CRYPTOCAP:USDT.DShort
by crypto_vulture_signals
Stock Alert: Dr. Lal Path Labs 📈 Double Bottom Breakout: Dr. Lal Path Labs is giving a breakout from its double bottom pattern today! This pattern is a strong bullish reversal signal that could mark the beginning of an uptrend. 🔑 Key Points: Breakout above strong resistance level, signaling potential upside. Watch for volume confirmation: Higher-than-average volume strengthens the breakout case. Next resistance levels to watch for future targets. 💡 Opportunity: If the breakout holds, this could be a great medium-term trade setup! 📊 📢 Disclaimer: Do your own research before investing. This is not financial advice.
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NSE:LALPATHLABLong
by TechnoTrader10
1