Double Top or Bottom
Canara Bank: Double Top PatternCANBK has a double top patten (M).
Trade:
BUY above 313, SL: 310, T: 316/319
SELL below 308, SL: 311, T: 305/302
TATA CHEMICALS LTD : DOUBLE BOTTOM BSE:TATACHEM
Tata chem is formed a double bottom pattern at its major support zone.
the entry should be above 828 only with the measured move target expectation in short term.
it have good support of daily TF.
Happy trading & Keep learning
please like and comment if you like our simple analysis.
Sunpharma Breakdown Targetdouble top breakdown observed in sunpharma.
breakdown validated with volume.
Next support/target 950
GSPL LONG DOUBLE BOTTOMGSPL made a Double Bottom on weekly chart. Has risen well from its weekly demand zones. All Breakout (BO) rules respected. Details posted in chart
Double bottam formation GOOD to buy at cmp for target of 3504 & 3583
only for educatinal purpose
not sugesstion
triple double bottom or simple support resistanceClean science one of the favorite stock of mine
can entry at cmp or after daily or wqeekly cancle close
looking good as it took support from these level on weekly tf
a very good risk : reward
Keep SL as your risk appetite - a part of a game
taget metioned on the chart
i am not a sebi register adviser
its my own analysis
pls make sure you do your analysis dont jump on the trade
Double bottom on daily chart
charts seems to formed double bottom on daily chart.
Likely to breakout and could touch 370 in coming days.
Positive cues : growth in rural premium product(comment from managements) , Inflation has been soften and Holidays are upcoming so its positive for hotel business of ITC as well.
for Positional view :
Target : 346.9/350.35/354.80/368
SL : 336.5
Duration : 1-2 weeks.
Dogecoin short-Multiple trade setupDogecoin is forming some bearish trade setup these days.It may give us some great fall after the breakout.Here are two trade ideas-swing and intraday that I wanna share with you guys in detail.check below.
Trade 1: The first one is a swing trade.Dogecoin made a beautiful double top pattern in 1H time frame which broke out it's neckline(0.9684 level) downward and now is retesting from a lower level (0.09274) on a trendline.It is now at the breakout point of the trendline and if it breaks,a short trade can be initiated to the support level of 0.08012. You might have hold it for some days.keep an eye.
Trade 2:It's an intraday.A bearish pennant is made on 15m/1h time frame and about to break out.It can break downward to the level of 0.08894.if it breaks the pattern,a short trade could be taken there.follow the levels.
Make it happen,get some good profits.Happy Trading.
Nifty Pharma Index: Head and Shoulder formationIn NSE:CNXPHARMA an Head and Shoulder pattern is seen.
The current price of 12775 is the neckline.
Trade :
You can not trade in Nifty Pharma. But you can in PHARMABEES ETF.
Buy (Pharma Index): Above 12835, SL: 12800, T: 12885/12940
Sell (Pharma Index): Below 12800, SL: 12835, T: 12765/12750
Poonawala Fincorp: Triple Bottom formationNSE:POONAWALLA is near the supply area.
A triple bottom formation seen around 300 price level.
In Hollow Candlestick patten a hollow green candle formed after a down swing, indicates price to move up
Well support from volume
RSI is trending upwards.
Trade :
Buy: Above 305, SL: 300, T: 309/311/316
Sell: Below 300, SL: 304, T: 296/292
Dhani Services: Triple Bottom formationNSE:DHANI shows
A triple bottom formation
Increased volume
RSI is just recovered from oversold region.
Trade:
Buy: Above 47.50, SL: 44, T: 50/52
Sell: Below 42, SL: 45, T: 40/38
LONG NIACL / INRAs you can see that the support and resistance are strong. The buyers and sellers are active when the price moves toward their zone.
From this, we could easily conclude that the trendline which has been broken right now is going to touch the support and may go up again!!! But only if the price goes up!!
The chart has made double bottoms which is a clear sign of bullish activity in the market down there. But after the price retest, we could buy for a long and go for the second target too!!!
This happens only in my case of the bullish signs. Not in the case when the price goes down(short). If the price goes short, I recommend not getting into the market for long.
LONG NIACL / INRAs you can see that the support and resistance are strong. The buyers and sellers are active when the price moves toward their zone.
From this, we could easily conclude that the trendline which has been broken right now is going to touch the support and may go up again!!! But only if the price goes up!!
The chart has made double bottoms which is a clear sign of bullish activity in the market down there. But after the price retest, we could buy for a long and go for the second target too!!!
This happens only in my case of the bullish signs. Not in the case when the price goes down(short). If the price goes short, I recommend not getting into the market for long.
BoB| BO from Rising Channel|50% UpsideNSE:BANKBARODA
Weekly Breakout from Rising Parallel Channel
CMP trading above all major Weekly Exponential Moving Avgs and taking Support and bouncing
RSI in Bullish Zone
Tgt: 155 - 171 - 190 - 224
SL : 125
Upside Potential : 50%
Time Frame : 3 - 12 Months
Reason for why should you watch TCS !!TCS has given a breakout today & it's also at a good level to catch
Why TCS over all other IT Stocks NSE:TCS
Reason: Strength
When all others were in sell-off facing selling Pressure. It was the only standing man. Where the candles were forming was quite demanding.
Similarly, I've told some stocks in the Nifty Infra setup NSE:ULTRACEMCO NSE:GRASIM
Don't forget to follow
Follow for your learnings, not just for what I said
