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Double Top or Bottom

Shift in trend structure: HH & HL to LH & LL formation|AXISBANKNSE:AXISBANK Axis bank 1 hour chart is forming higher highs and higher low but now after formation of 2 highs at a same level at 990 the price has tried to break the level 3rd time and it has formed a lower high so now one condition is fulfilled and we need a 2nd condition which is form a lower low and that will be created after the price breaks below 953 Neckline. All the important levels and full analysis is mentioned on chart. The above information is for educational purposes only, Before acting on any investment idea please do your own analysis and follow proper risk to reward. I Hope you found this helpful. Please like and comment. Keep Learning, Happy Trading!
NSE:AXISBANKShort
by SANJAYPATIDAR_
2
Havells Long - Monthly Double BottomMonthly Double Bottom in Progress. Option 1 One can take entry at CMP 1334-1340 for targets 1-3 months holding Target 1 - 1421 Target 2 - 1480 Above 1480 & closing comfortably above 1510 will achieve target 3 1600++ SL - 1294 Option 2 Take 1 Lot 1400CE at and Sell 1 Lot 1600 CE. Take 1 Lot 1350CE and Hedge with 1 Lot 1250 PE This will be my personal trade and not recommending anyone to take it. Please do your own research & Risk Sizing
NSE:HAVELLSLong
by MoneyMentors
ports ... adani ports the counter which was hammered by heidenburg reports!! i expect it to touch a 15% upmove area multiple reasons beyond technicals one is to maintain market cap of the group being one of the nifty stocks in adani folio other stock may show underperformance but such counter with real value are someone who should perform ! i like a quote that could be useful here !! When everything seems to be going against you, remember that the airplane takes off against the wind, not with it." Henry Ford.
NSE:ADANIPORTSLong
by pratik2358
Godrej Properties Short below 1564Godrej Properties Short below 1564, SL 1574. Targets will be 1544. Reason for trade, M pattern at the top, latest candle is Inside candle, also previous candle is indescisive candle. Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade. If you think this idea is use full please like and share and follow Thank you for reading my idea
NSE:GODREJPROPShort
by VikasRanjane
4
Double Top A double top is a bearish technical reversal pattern. It is not as easy to spot as one would think because there needs to be a confirmation with a break below support. While a double top is a bearish signal, a double bottom is a bearish signal. Top tops usually have an upswing, initial peak, trough, second peak, and neckline. Investors can short trade after the break or place small trades, as double tops may have limited profit potential. Script = Axis Bank Time Frame = 1 Day
NSE:AXISBANKShort
by Jainshashwat
5
Nifty daily analysis for 04/07/23.For the last 4 trading session, market has been giving gap up and showing positive momentum. On the daily charts, market again has given 130 points move. The market remained in the first hour candle and gave close near the day high. There are less opportunity for intraday traders as the gap up take away the move. The time is for the positional and swing traders. On 15 minutes chart, nifty took support from the 20 ema and formed a box consolidation. Support :- 19260, 19000 Resistance :- 19340 Market are moving in the first half and is consolidating in the last. Small target should be taken as big move are difficult after a gap up. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum