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Double Top or Bottom

double bottom(W) breakout at TATAELXSIOn the #TATAELXSI daily chart, after a 45.42% correction from the lifetime high, a double bottom(W) breakout occurred, which means a reversal. The reversal is also confirmed by the Nifty/TATAELXSI ratio chart. I compared #TATAELXSI vs. the #Nifty and its peers from October 14, 2021, and discovered that it has outperformed both the Nifty and its peers in the sector. BSE: 500408 NSE : TATAELXSI ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
NSE:TATAELXSILong
by Usemerr
Short term trade setup in MFSLIt appears that the price has hit its lowest point and is now showing indications of a reversal. This is evident as it has broken out of a period of consolidation or uncertainty and is moving in an upward direction. This pattern is commonly known as the Diamond Bottom pattern, which typically occurs during a downward trend. The pattern is characterized by a broadening pattern of higher highs and lower lows, which gradually narrows as the lows start trending upward after the highs peak. Once the price breaks out of the diamond's boundary lines in an upward direction, it signifies a significant shift to a new uptrend. Target has been Marked.
NSE:MFSL
by hardeepssethi
#TITAN Weekly double bottomTitan after my previous sell signal (related idea section), and achieving the downside target is now making Weekly double bottom with a better elevated (green) trendline support from the previous one (brown), signifying bulls are much more active. Double bottom has also come at a good Fibo support zone of 50 to 61.8% retracement levels from June low bottom to recent high made in Oct. On daily tf, price is consolidating near resistance / neckline of double bottom placed around 2545 and if it breaks out post good consolidation that would mean a significant rally on upside can come in this stock. It has previously given a falling trendline resistance breakout in July'22 and stock rallied for almost 30-35% from there on and similar falling trendline resistance breakout is visible now. Overall, the setup looks very strong and having a bullish bias in it. Keep it in radar
NSE:TITANLong
by aktradelearning
3
GBP USD SHORTon higher time frame price testing the previous hook there is a possibility to test the structure but price approaching the hook point correctively with structure and simultaneously tested increases the probability to react the hook point and currently forming a bullish indecision with wick on both sides on daily . on 1 hr price is squeezing and formed correction inside a correction and a double top and forming candles with wicks showing as indecision and triggering the stop loss . entry : forming a tight flag or 15 minute flaginside 1 hr correction or breaking the correction and forming a flag will be my entry
Short
by nebeelkomban
GLSGLS:- Looking at the chart of the stock, there is a way of showing a double bottom pattern, plan something only after the breakout, till then keep your eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:GLSLong
by AjayDhakad_Keep_it_simple