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Double Top or Bottom

IRB INFRASTRUCTURE - BULLISH MOMENTUM!!BUY - IRB INFRASTRUCTURE CMP - Rs. 26 Target - 1: Rs. 34 Target - 2: Rs. 40 Target - 3: Rs. 58 . . Technical - 1) Flat Base Pattern. 2) High Volumes in previous trading sessions indicating potential breakout. 3) Double Bottom chart pattern. 4) Positive breakout at first resistance, LTP>R1. . . Fundamentals - a) The Highway construction company has recorded toll collection at Rs. 369.9 crore for the month of March 2023, growing 20.6% over toll collection in the same month, last year. b) Quarterly EPS has been consistently rising. c) PE = 21 < SECTOR PE = 33 d) Number of MF schemes have risen from 6 to 8 in December 2022 quarter. . . Comment: a) Minimum Return - 28% b) Maximum Return - 116% . . This is only an educational idea. I am not SEBI registered, so don't accept this as investment advice. As with any trade, always look first, then leap. . . Follow me for more!
NSE:IRBLong
by nilakshgupta
DLF - Reversal and BreakoutTells Me: It seems that the price of the DLF had reached a point where it couldn't break through a support level, but instead began to rise again, indicating a potential reversal towards a new uptrend. The Double Bottom pattern formed during a downtrend as the price reaches two distinct lows at roughly the same price level. Eventually, the price of Dlf breaks out above the highest high point, which confirms the bullish signal and indicates that the Dlf price may be on an upward trajectory.
NSE:DLF
by hardeepssethi
2
Nifty W-Pattern (Double Bottom)hi all, Nifty has made a wonderful W-Pattern we have 3 days holidays now... hope uptrend continues on monday or we may wee go back to test the neck line. Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading
NSE:NIFTY
by NikhilChoudhary2023
DONEAR - Retest + Reversal with a breakout - Swing Trade The analysis is done on Daily + Weekly TF hence price may take few weeks to few months in order to reach the targets. Checkout the weekly chart as well here - Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:DONEARLong
by TradewithAditya
BALRAMCHINBALRAMCHIN:- Double bottom pattern is formed, wait for breakout of neckline, till then keep an 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:BALRAMCHINLong
by AjayDhakad_Keep_it_simple
#Nifty #fallingwedge on hourly chartsNifty on hourly timeframe is showing a falling wedge formation with double bottom placed at the bottom of the falling wedge channel and also a very important support placed around 16800-16850 support zone band. 20 DEMA is placed around 17400 currently and as that acts a magnet, it can't be ruled out that price is going to a move around that. This zone is also currently coinciding with the around 50 to 61.8% pullback zone of fall from 17800 to 16830 levels. Price is also showing a consolidation in around 250 to 280 points range and a breakout above it would also suggest hourly double bottom range breakout, the range targets are also coinciding with similar target zone as visible from the above two observations. So, possibility of 17350+ can't be ruled out in short term in Nifty and further assessment of price action can be done from there on. Happy Trading :)
NSE:NIFTYLong
by aktradelearning
21
Nasdaq 100- Double TOP!Attached: Nasdaq 100 Daily Live Price Chart as of 28th March 2023 Pretty Straightforward Chart: - Price rejects for the 2nd time at 0.382 Fib, this is a Double TOP Sell Signal - Elliot Wave Count shows Corrective Bounce complete in form of WXYXZ with C wave of Z being an Ending Expanding Diagonal - Price puts in a Higher High but RSI puts in a Lower High, aka Divergence Holding below the round figure level of 13000, the Nasdaq (NDQ) is a SHORT for a Downside Target= 11700 & below...
TVC:NDQShort
by T_Harth