It's going to forming an double top pattern structure and wait for the entry at the neck level breakout after entering the trade
Crompton is looking very much puzzled on daily charts nothing is working in it and no indicators are working too although stock recovered almost 30% from 52 week lows and discounted 22% from 52 week highs, so we have to wait for next move in it will go for high conviction trade in it in any of direction when it breaks any of trendline till then waiting and adding...
#doublebottom #pattern #Breakout (trend reversal) at #NAZARA (Nazara Technologies Ltd) daily chart. BSE: 543280 \ NSE : NAZARA What Is a Double Bottom? A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a...
4 Months Consolidation #Breakout in #MANYAVAR (Vedant Fashions Ltd). BSE: 543463 \ NSE : MANYAVAR What Is a Double Bottom? A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or...
This has all ingredients needed for the double bottom. A good downtrend since oct from 5600. Existing earlier resistance at 3200. Double bottoms at 3200 level Break of neckline at 4050 Target 4850 SL 3800 Buy on dips.
#triplebottom #pattern #Breakout (trend reversal) at #JUBLINGREA (Jubilant Ingrevia Ltd) daily chart. BSE: 543271 / NSE : JUBLINGREA What Is a Triple Bottom? A triple bottom is a bullish chart pattern used in technical analysis that's characterized by three equal lows followed by a breakout above the resistance level. The triple bottom chart pattern typically...
SBIN has broken past its neckline and is moving towards its long awaited resistance level after forming a beautiful double bottom, a long trade can be taken on break of resistance on high volume. Target: To previous High 536.75 Keep It Simple
Risk reward ratio :- 1:1 W pattern on weekly chart INSIDE BAR ON MONTHLY CHART DAILY RSI ABOVE 60
Recently if we observe closely, FMCG Sector is outperforming & helping index to move higher and higher, where it contribute nearly 8% of Nifty 50. In which ITC is having the highest weightage in the FMCG sector (nearly 30%) followed by HUL (24%), Nestle (7%) and Tata consumer (6%) respectively. Adding to this VBL is outperforming like anything, compare to...
About 4 Years #Multiyear #Breakout in WSTCSTPAPR (West Coast Paper Mills Ltd). Its #Outperformed #Nifty. BSE: 500444 / NSE : WSTCSTPAPR What Is a Double Bottom? A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index,...
4 Years #Multiyear #Breakout in Enkei Wheels India Ltd (BSE: 533477). Its #Outperformed #Nifty. What Is a Double Bottom? A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or...
NSE:CEATLTD Price successfully breakout completed with a good amount of volume + Double bottom at daily/weekly time frame Mentioned targets can be achieved in the future, book 80% at 1st target then trail. Thanks...
#doublebottom #pattern #Breakout (trend reversal) at #CAMPUS (Campus Activewear Ltd) daily chart. What Is a Double Bottom? A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or...
#doublebottom #pattern #Breakout (trend reversal) at #SBICARD (SBI Cards & Payment Services Ltd) weekly chart. #Outperformed What Is a Double Bottom? A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound,...
#doublebottom #pattern #Breakout (trend reversal) Under Parallel Channel at #BAJFINANCE (Bajaj Finance Ltd) weekly chart. #Outperformed In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing...
A good double top pattern after a bullish run. The price has not retraced yet. So, high probability of a bearish move if the neck of double top formation is broken. My entry, - Only when 15 minute candle closes below the neck line. For more trade ideas like this, follow me on trading view.
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Its in a channel pattern and also form double bottom.