Smart earning IdeasHello traders XAUUSD a Sell tread setup, don,t miss this chance good opportunity for you follow me on treading view for more ideas .../// thank you
Double Top or Bottom
CRUDEOILCRUDEOIL - MCX
Study on Daily Chart
1. M- Pattern
2. Inverted Head and Shoulder Pattern
This chart is only for educational purpose . Do your own study before taking any trades
Tripple bottomThe triple bottom pattern is a technical analysis chart pattern that appears on stock charts. It is a bullish reversal pattern that occurs after a downtrend. The pattern is formed by three lows at approximately the same price level, with two intermediate highs between them.
XAUUSD Sell - Double Top Formation and High Probability Profit My suggestion is to consider selling XAUUSD from 1855, with a stop loss at 1858. The first target is at 1849, which could potentially result in a profit of approximately 60 pips. The second target is at 1844.60, which could yield a profit of approximately 110 pips.
Risk To Reward: 1:5
This trade idea has a high probability of profit, as the double top formation suggests a reversal of the bullish trend. However, as always, it is important to consider risk management strategies and remain vigilant, as unexpected events and news could impact the markets.
In conclusion, I believe that selling XAUUSD using the double top formation and high probability profit trade could be a profitable trade idea. Thank you for following my trade idea, and I wish you all the best in your trading journey. Happy Trading!
Disclaimer: This trade idea is for educational and informational purposes only. Trading in the financial markets involves risk, and past performance is not necessarily indicative of future results. Before placing any trades, you should carefully consider your financial situation, risk tolerance, and trading experience. Please be aware that trading in the foreign exchange market, particularly with leveraged instruments such as CFDs, involves significant risks and may not be suitable for all investors. The author shall not be liable for any losses incurred as a result of using this trade idea. Traders should always trade at their own risk and responsibility.
HDFC Life Double Bottom RSI DivergencePrice has formed a double pattern on daily chart. while the RSI is making higher lows which is clear sign of RSI Bullish Divergence. We can take long trade.
Entry
We can go long on open of next candle.
Target
Target 1 will be the nearest resistance zone which will be also the neckline of W pattern as marked on chart.
Target 2 will be next next resistance zone after the neckline of W pattern is broken as marked on chart.
Stoploss
We can keep stoploss below the double bottom support zone.
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LIFE TIME HIGH STOCKStock is trying to break high level breakout.
We are expecting good move from this level
swing trade UPL double bottomTimeframe 1D
entry activated
stop loss 689
target 765
follow risk management
do your own analysis
do workout
do meditation
start reading books
Hello Dosto, GNFC SELL FOR SHORT TERM So, GNFC is forming DOUBLE TOP on 15 min TF and looking weak
One can sell it below 545 5 min candle close and small SL and trail in profit
Smart earning IdeasHello traders XAUUSD a Sell tread setup, don,t miss this chance good opportunity for you follow me on treading view for more ideas .../// thank you
Reliance Double Bottom & RSI DivergenceReliance has formed double bottom pattern on daily chart. While the RSI is making higher low which is clear sign of RSI Bullish Divergence.
Entry
We can go long on open of next candle.
Target
Target 1: We can keep our 1st target at the nearest resistance which will also the neckline of the W pattern as marked on chart.
Target 2: Once the 1st target is achieved & price gives breakout above the neckline of the W pattern 2nd target will be the next resistance as marked on chart.
Stoploss
We can keep stoploss below the support zone.
Please like & Follow me.
Smart earning IdeasHello traders XAUUSD a Buy tread setup, don,t miss this chance good opportunity for you follow me on treading view for more ideas .../// thank you
Kotak Bank at major supportyou may see double bottom and reversal from here
if it again Break low it may consolidate in lower range then again wait for direction
KotakBank Double Bottom RSI DivergenceDouble bottom pattern is formed on daily chart of KotakBank. RSI is making higher lows which is sign of RSI Bullish Divergence.
Entry
We can go long after close of strong bullish candle near 2nd bottom.
Target
Target 1 - will be the next resistance as marked on chart.
Target 2 - After 1st target is achieved and price breaks above neckline of W pattern then 2nd target will be next resistance zone.
Stoploss
We can keep stoploss below the double bottom support zone.
Please like and follow
HCLTECH Rounding TopSell HCLTECH closing 1094.85 with 1130 then targets are 1065-1020.
Selling Reasong.
1 --> Create Double Top On TOP.
2 --> Rounding Top Form On TOP.
3 --> Break the Trendline.
4 --> Trendline is also Ready to break the 40.
5 --> ADX is show the Bearish move and -DMI is rise.
6 --> Volume is also show the Bearish Move.
8 touch points with a curved trendline breakout at POLICYBZROn the #POLICYBZR daily chart, there is a Double Bottom #Breakout and there are 8 touch points with a curved trendline breakout. The reversal is also confirmed by the Nifty/POLICYBZR ratio chart. I compared #POLICYBZR to the #Nifty and its peers over the last 123 trading sessions and discovered that it is currently outperforming both the Nifty and its peers in the sector.
BSE: 543390
NSE : POLICYBZR
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
HCLTECH: Rounding TopFrom Jul'22 low of INR 877 prices have retraced to Fibonacci 61.8% retracment level positioned at 1150 zone and formed a potential double top structure. Prices have also formed a Rounding Top pattern whose neckline is in the region of 1101-1100. The measured target for the pattern is coming in the region of 1050-1045 where its 200-EMA is also positioned
As per above observations prices are likely to hold below INR 1137 and fall towards INR 1050-1045 in the coming weeks.
Trading Strategy: Sell on cmp add on rise , keeping SL of 1137 look for the target of 1050-1045.
BTC at strong Resistance DO or DIE ?btc will go up or down it can be decide after 2 weekly closing so monitor it so never miss big opportunities
BANKNIFTY INTRADAY SUPPORT AND RESISTENCE BANKNIFTY
Time Frame = 15 Min
Pattern = Maybe W complete
Type = Bullish
Coforge - Bullish Coforge is showing higher highs and higher lows pattern which is bullish pattern.
The stock recently broke out of a consolidation pattern and has continued to trend higher, which is a potential bullish signal.
My targets are 4450,4500, 4600 respectively.
This is not a advise to buy , please do your own analysis before buying.
DOUBLE TOP BREAKDOWN STOCK RVNLStock is consolidated on higher range.
If stock break the support then double top formation applied and we are expected good downside move in this stock.
SunpharmaPrice is nearing the support zone 970 - 980. This level is crucial as it will decide the trend direction. Buy above 984 with the stop loss of 978 for the targets 990, 996 and 1002. Sell below 970 with the stop loss of 976 for the targets 964, 958 and 952.
