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Double Top or Bottom

Muthoot Microfin LTD – Major Breakout in Play!🟦 Blue Line: 200 DEMA Still overhead, but the recent price action indicates a potential shift in trend. Price reclaiming above this zone will be another bullish confirmation. 📌 Breakout Highlights: Counter Trendline Breakout: Price shattered the CT-based trendline with high volume. W-Bottom Formation: A textbook double bottom structure is visible with neckline breakout. Green Path: Illustrates the bullish trajectory already played out post breakout. Red Zone: Key resistance turned support — now a potential demand zone on retest. Yellow Path: A healthy retest scenario could play out, offering better R:R entries. A pullback to the neckline before continuation would be ideal. 🔔 Keep it on your radar — structure, volume, and trend all align for a bullish bias.
NSE:MUTHOOTMFLong
by Averoy_Apoorv_Analysis
3
ACI - Double Bottom (Bullish)Archean chemical industries is a leading specialty marine chemical manufacturer in India focused on producing and exporting bromine, industrial salt, and sulphate of potash across the world. Archean is the largest exporter of bromine and industrial salt in India and has amongst the lowest cost of production globally in both bromine and industrial salt. Fundamentally sound company with PEG 0.79, ROE, ROCE, ROIC > 15%. Technicals: Price is above 200MA. Double bottom formation after bearish Head & Shoulder. Trendline is about to breakout. Volumes have been steady in daily chart over the last 5D. Both DII, FII institutions have been increasing the stakes steadily in every quarter. 161.8% fib level would be long term target of 1069 which is also pivot R3 in weekly timeframe. Pivot targets are shown on chart. Disclaimer: Educational purpose.
NSE:ACILong
by naraykln
2
WELSPUN – Double Bottom Reversal with Trendline ConfluenceSetup Type: Reversal + Breakout | Conviction: Medium (Confirmation Needed) Chart Framework: Price Action + Chart Patterns WELSPUN is printing a strong bullish reversal structure, supported by both horizontal and diagonal resistance levels: 🟡 Double Bottom at Equal Lows – Classic reversal base forming after a downtrend. 📏 Equal Lows Liquidity Grab – Smart money may have hunted stops before pivoting. 🟢 Massive Volume Spike – Indicates strong interest building up. 📐 Bearish Trendline Resistance + Neckline acting as key breakout zones. 🧠 Trade Plan: 🕒 Wait for breakout above ₹133–135 zone (neckline + trendline overlap). 📍 Entry Confirmation = Daily close above ₹135 with strong volume. 🎯 Target = ₹180+ based on measured move from the pattern. 💡 High-Probability Trigger: Once the neckline breaks, momentum buyers will likely step in. Confluence of trendline + structure gives this trade extra juice.
NSE:WELSPUNLIVLong
by Trading_Mentor_Amaan
Poonawala Fincorp - Double Bottom PatternPoonawala Fincorp is a NBFC and is making a double bottom pattern. This stock is heading to ATH again. Other factors: 1. Sign of bullish momentum: - Double Bottom pattern - Breakout of recent high - 20 EMA ready to cross 200EMA 2. 5 year growth plan - Assets worth $17billion - Raising 10000 cr funding - Increasing offices from 100 to 400 - Already expanded to education loan, personal loan and commercial vehicle loans Post rate cut by RBI, NFC sector is ready to roar!! Keep this stock in your radar!! Keep following @Cleaneasycharts as we provide Right Stocks at Right Time at Right Price. Cheers!!
NSE:POONAWALLALong
by Cleaneasycharts
4
Reliance Eyes Reversal from Key SupportTopic Statement: Reliance has undergone a healthy correction in line with the broader market and is showing signs of a potential reversal from key support levels. Key Points: - The stock is taking strong support at the 38.2% Fibonacci retracement level near ₹1147. - Candlestick pattern indicates the formation of a potential double bottom. - Price is trading below the 180-day EMA, suggesting an oversold condition. - Weekly RSI stands at 37.5, further confirming the stock is in an oversold zone.
NSE:RELIANCELong
by yogeshwar
SOL - Getting ready for Big Breakout.Price has taken double bottom support. Price rejection from second resistance line is getting reduced. Any up move from BTC, SOL will give bigger breakout for sure. So trend will follow in whichever side price breaks the lines. I think not much downside can be seen in SOL since it has fallen from 250 levels to this low. SOL is next to BTC and ETH right now and its widely used. Price is at very attractive levels keeping ETF approvals in few weeks or 2 months this year. SOL is also one of the coins for strategic reserve.
CRYPTO:SOLUSD
by venkatfx
3
Gujarat Alkalies | Explosive Double Bottom Breakout!📈 Stock: Gujarat Alkalies & Chem (NSE) 💰 CMP: ₹647.75 (+14.50%) 🚀 Why This Chart Stands Out? ✅ Double Bottom Breakout: A textbook bullish reversal pattern with a strong retest. ✅ Supply-Demand Flip: The red zone acted as a resistance, now turning into support. ✅ DTF CT Resistance (White Line): Broken! A major trendline breakout signals momentum shift. ✅ WTF Resistance (Yellow Line) Next: The last hurdle before a potential strong rally. ✅ Volume Confirmation: Increasing volumes validate the breakout, showing buyer confidence. 🔥 A perfect mix of breakout, volume, and price action! Ready for the next leg up? Comment below! 👇
NSE:GUJALKALILong
by Averoy_Apoorv_Analysis
1
US30 Weekly Analysis: Double Top Breakdown and Bearish OutlookThe Dow Jones Industrial Average (US30) has exhibited a clear double top formation on the weekly timeframe, signaling a potential bearish reversal. The price recently broke below the neckline support around 41,400, confirming the pattern and suggesting further downside movement. Price action Analysis 1. Double Top Formation • A double top is a classic reversal pattern that occurs after an extended uptrend. • The two peaks were formed around 42,819.50, where bullish momentum failed to sustain further highs. • The rejection from this level indicated that buyers were losing strength. 2. Neckline Break and Confirmation • The neckline support at 41,400 was a critical level that held price consolidation for some time. • A break below the neckline has confirmed the bearish structure, signaling further downside potential. • If the price retests 41,400 and rejects, it could provide another opportunity for short positions. 3. Bearish Target Projection • The double top pattern suggests a measured move equal to the distance between the peaks and neckline (approximately 1,400-1,500 points). • This projects a downside target of 38,217, aligning with the next major support zone (green line on the chart). Trading Strategy: Bearish Continuation • Entry: Wait for a retest of 41,400 and a rejection with a bearish confirmation candle. • Stop Loss: Place above 41,800, as a break above invalidates the bearish setup. • Take Profit: First target 39,500, final target 38,217. • Risk Management: Use proper position sizing to manage risk in case of a false breakout. Conclusion US30 is showing strong bearish momentum after confirming the double top breakdown. A successful retest of 41,400 as resistance will likely accelerate selling pressure towards 38,217. We should watch price action closely for confirmation before entering short positions.
BLACKBULL:US30Short
by sparkrlight
1
PG ELECTROPLAST LTD (NSE: PGEL):Double Bottom & CNH📈 PG ELECTROPLAST LTD (NSE: PGEL) – Trade Setup & Analysis 🔹 Trend: Stock is in an uptrend, previously a cycle winner. Corrected significantly in the recent market fall but is now recovering and trading close to ATH. 🔹 Technical Highlights: Trading above key DMAs ✅ Double bottom, VCP, and CNH formation (not textbook-perfect but forming) Volume missing but RSI improving 📈 Price action near ATH to watch – a high-volume breakout could signal a strong move. 🔹 Key Levels: Entry: ₹925.70 SL (Closing Basis): ₹705.25 🛑 ATH Resistance: ₹1,053.80 🔹 Market Structure: LL-LH trend in the broader market, so caution advised ⚠️ Gradual accumulation suggested, wait for confirmation on breakout with volume. Breakouts are prone to failure in weak markets – risk management is key. 🔹 Fundamentals: Market Cap: ₹26,226 Cr Stock P/E: 124 (High Valuation ⚠️) Book Value: ₹40.5 Dividend Yield: 0.02% ROCE: 18.7% | ROE: 18.9% ✅ Sales Improving YoY but OPM% needs improvement EPS Improving, Profits Rising ✅ 📌 Final Thoughts: Monitor price action near ATH – strong volume breakout = potential buy. Weak market structure means all setups carry a higher failure risk. Company fundamentals are decent, but valuations are stretched. 🔍 Do your own research before committing capital. This is a potential mover but needs confirmation!
NSE:PGELLong
by sagartharayil
Tanla Platforms Swing -Double Bottom + CT Breakout with Volumes 📈 Technical Breakdown: Double Bottom Formation at the base, signaling a potential reversal (though weak). CT Breakout on the Daily Timeframe (DTF) (White Line). Higher Timeframe (WTF) Resistance Zones marked by Yellow Lines, acting as hidden reactive resistances. Massive Volume Spike Today – the highest in recent times, confirming strong breakout momentum. 🎯 Trade Idea: A clean breakout from the CT with blasting volumes suggests a 1:1 trade opportunity at max for now. Price might face resistance at higher levels, aligning with the yellow CT lines. Need to watch if price sustains above the breakout zone for further continuation. 💬 Huge volumes—smart money stepping in or a trap? What’s your view? Let me know in the comments! 👇
NSE:TANLALong
by Averoy_Apoorv_Analysis
Pearl Global Industries Ltd – Stock Worth Watching!🔹 Why is it Interesting? ✅ Uptrend Intact – Stock continues to move higher. ✅ Higher Highs & Higher Lows (HH-HL) Structure – Bullish price action remains strong. ✅ Respecting Trend Channel – Trading within an ascending channel, bouncing off key levels. ✅ Above Key Moving Averages (DMAs) – Staying strong above critical supports. ✅ Bullish Patterns Forming – 📍 Triple Bottom – A strong base for a potential breakout. 📍 VCP (Volatility Contraction Pattern) & Cup & Handle – Classic bullish setups on the daily timeframe. 🎯 Trading Plan 🔹 Entry: Small test position above ₹1500 on a daily close. 🔹 Safer Entry: Wait for a weekly close above ₹1500 for confirmation. 🔹 Stop-Loss (SL): ₹1162 (closing basis) 🔹 Risk per Trade: ₹1500 - ₹1162 = ₹338 (~22.53%) 🔹 Key Condition: Volume should improve—wait for a clean breakout. 📊 Key Fundamentals 💰 Market Cap: ₹6,842 Cr 📈 Stock P/E: 31.8 📊 ROCE: 21.4% | ROE: 21.9% 📊 Sales & EPS Improving YoY – Strong growth trend ⚠️ Why Small Position? 🚨 Market is in a downtrend – We are trading against the broader trend. 🚨 Deep SL (~22.53%) – If the market falls further, stop-loss might get hit. 🔥 Why Consider It? 👉 Stocks like these can be potential winners once the market stabilizes. Keeping it on the watchlist is worthwhile! 📊 Monitor price action closely before committing fully!
NSE:PGILLong
by sagartharayil
2