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Double Top or Bottom

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.
NSE:RELIANCELong
by vt_trader
6
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
NSE:KOTAKBANKLong
by vt_trader
4
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.
NSE:POLICYBZRLong
by Usemerr
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.
NSE:HCLTECHShort
by TradingSutra
12
Banknifty 15-Feb-2023 Intraday trade analysisBankNifty→ After moving down, it takes reversal in move up. Gives a positive closing. Near 41800=Resistance, but still in the range. Upper side breakout may happen. Flat opening - Due to continuous upmove, no buying on feat, unless it gives some pullback. Breakout is possible 4th time coming near resistance. Gap up → Resistance already broken, will wait for price action to sell near 42k. Gap down - Again will be in range, support at 41500, so it may reverses from there, look for buying price action.
NSE:BANKNIFTYLong
by iPrashantStock