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Double Top or Bottom

Dollar Industries Intermediate Term looks bullish!It appears that the price of Dollar Industries Ltd. has reached its lowest point after trying and failing to go below a certain level. Instead, it started going up again, which is a sign that a new upward trend may be starting. the price seems going above the highest point between the two lows, it confirms that the trend is changing to a more positive one and looks like Double Bottom . The Double Bottom is a reversal pattern of a downward trend in a stock's price. Note for everyone who came across this reference: 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:DOLLAR
by hardeepssethi
HIMATSEIDE Analysis(Double Bottom)!HIMATSEIDE Analysis on Weekly Timeframe Bullish view on HIMATSEIDE Double Bottom Pattern Formation in HIMATSEIDE Neckline Breakout HIMATSEIDE has made double bottom patten on Weekly Timeframe. The price has given breakout to the neckline 85.45 and now it is trading above it. We can see the breakout has happend with the good volume. We can expect further upmove upto 107.80. Trade Psychology and Setup = Entry = Between 85 - 90 but it will good if we can enter with lower price Target = 107.80 Stop Loss = Below 75.80 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:HIMATSEIDELong
by Avinash9087
BHEL Analysis(W Pattern)!BHEL Daily Analysis/b] Double Bottom (W) Pattern formation in BHEL Will it move as per Double Bottom Pattern Analysis? Will See!! BHEL has made double bottom pattern on Daily Timeframe and also it has given neckline breakout 79.85 with good volume and successfully able to close above it. BHEL is trading above 50 EMA which is also a confirmation of bullish trend. Trading Psychology and Setup = Entry = Entry will be between 80-82 Target = Target 1 will be 87.60 which is also a 1.618 fib level and will acts like a possible resistance and 2nd will be 95.50 Stop Loss = Below 76.75 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:BHELLong
by Avinash9087
9
BAJAJFINSV Analysis(Double Bottom)!NSE:BAJAJFINSV ANALYSIS! BAJAJFINSV Daily Analysis! Double Bottom Pattern Formation and Breakout in BAJAJFINSV! RSI Divergence in BAJAJFINSV! Double Bottom Pattern analysis with RSI Divergence BAJAJFINSV has made Double Bottom Pattern on a daily timeframe it has given a breakout to the neck level and retested it's support level at the neckline only. If we see the RSI we can see the clear Divergence, while price making falling bottoms RSI making Rising Bottoms. We can expect price to move in the upward direction. Entry = Aggressive investors can buy at current levels, Conservative investors can wait for small retest. Stop Loss = Below 1393.90 Targets = 1) 1486.40 3) 1570.35 3) 1665.25 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:BAJAJFINSVLong
by Avinash9087
2
Banknifty ( 31/07/2023 )Banknifty for ( 30/07/2023 ) Enter once after " Breakout and Retracement " . . For " long " entry: 45530 target: 45760 stoploss: 45450 . . For " Short" entry: 45380 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
2
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