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Double Top or Bottom

Bankex - Sep 20Price faced resistance at 61800 zone and fall down, now it has formed a double bottom. Pattern : Double bottom, support/resistance. Range : Medium. Trend strength : Normal. Buy Above : 61180. Stop Loss : 61080. Targets : 61260, 61400, 61480, 61560 and 61620. Sell below : 60960. Stop Loss : 61060. Targets : 60860 ,60800, 60720, 60640 and 60520. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
BSE:BANK
by vanathi
2
Tech Mahindra Monthly Expiry (Short)Tech Mahindra can correct itself due to following technical reason: 1) DoubleTop Formation/ M pattern 2) Swing low are broken 3) On Daily chart trading below 20 EMA On Hourly chart trading below 20 & 50 EMA 4) Tried breakout yesterday failed today marubozu seller on daily candle representing seller's in control 5) Can correct further since it's breaking channel. (Note: Author is neither responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:TECHMShort
by GauravPrasad_GP
1
Tata Steel Swing Idea (Long)Tata steel might give breakout due to following technical reason's: 1. Double bottom formation 2. Trading above 200 & 20 EMA's 3. Symmetrical Triangle formation 4. Swing Low's are not broken 5. On Monthly pin bar formation, weekly double pin bar break out on progress (Note: Author not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:TATASTEELLong
by GauravPrasad_GP
trendline breakout SAIL Ah, the exciting world of trendline breakouts! 📈 Let’s dive right in. A trendline breakout occurs when the price of an asset decisively breaks through a trendline on a chart. It’s like the market saying, “Hey, I’m ready to change direction!” 🚀 Here’s the lowdown: What’s a Trendline? A trendline is a diagonal line drawn on a price chart to represent the trend. When the price is rising, we connect the rising swing lows with an upward-sloping trendline. Conversely, when the price is falling, we link the descending swing highs with a downward-sloping trendline. And when the market is just chillin’ sideways, the trendline is more horizontal, indicating a range-bound market. 📉📈 Breakout Magic: Picture this: You’ve got your trendline, and suddenly, the price bursts through it like a kid breaking free from a game of Red Rover. That’s a trendline breakout! It signals a potential shift in market sentiment. 🎉 When a breakout happens, traders pay attention. It could mean a new trend is forming, and they might want to hop on board or adjust their existing positions. 🚢 Confirmation Matters: Now, we’re not just relying on trendlines alone. Smart traders look for confirmation. Is the breakout accompanied by increased trading volume? Are other technical indicators (like moving averages or oscillators) giving a nod of approval? 🕵️‍♂️ If the stars align, it’s go time! 🌟 Strategies Galore: There’s no shortage of ways to play trendline breakouts: Breakout Trading: When the price breaks above or below a trendline, you can enter a trade in the direction of the breakout. 📊 Price Bounces: Sometimes, the price retreats to the trendline after a breakout. If it bounces off that line like a rubber ball, traders might see it as a buying or selling opportunity. 🎾 Reversals: Trendline breakouts can also signal trend reversals. Imagine the trend doing a graceful pirouette. 🩰 TD Line Breakout (Fancy Stuff): Ever heard of the TD Line? It’s like the James Bond of trendlines. To create a TD trendline breakout, you connect recent pivot highs (those surrounded by 1, 2, or 3 lower highs) to the next pivot high with a similar setup. It’s all about consistency! 🕶️ Backtesting and Beyond: Traders love to backtest their strategies. They’ll look at historical data to see how trendline breakouts performed. It’s like checking if your crystal ball was accurate in the past. 🔮 So, my trend-savvy friend, keep an eye on those trendlines. They’re like the secret whispers of the market, revealing its intentions. And remember, even if you’re not a trader, you can still impress your friends at parties with your newfound trendline knowledge! 🎩✨
NSE:SAILLong
by Faizgazi
BTC Bearish Signs Not used any technical analysis yet, But BTC mostly follows the previous patterns. BTC just got rejected by the heavy support and created the double top chart patterns. In the past, we saw a downtrend when this pattern was formed. This is not to spread the negativity in the market, although I'm also bullish on BTC on a higher timeframe. But to be aware of what position you are holding, tighten your slow loss so that you don't attract loose. Be safe, Trade safe. For more updates, follow me
Short
by intelligentSto81389
Ramco cements ltd., Looking going; short term investmet; Add this to watchlist and wait for entry.👁️‍🗨️ For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - "840". Trade carefully untill ENTRY level. . Entry: 840 / 780 Target: 870-915-1040-1100 sl: 815 (840) / 780 (765) major stoploss / support: 780. . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer old posted idea attached below.
NSE:RAMCOCEMLong
by TheNuraTrading
1
NLC India:(Ready to shoot up); Take a look; Min 40% RoiHuge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for Breakout & then Daily candle to close above - "281" . If you want to enter now "Go for it with stoploss". . . Enter after Price Breaks "Yellow box" mentioned. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Follow for regular updates.👍
NSE:NLCINDIALong
by TheNuraTrading
BANKNIFTY EXPIRY ANALYSIS#Indicator :- #NiftyBank's #CPR levels shows that there's a Golden Pivot Zone near 54,050 range, which might act as a crucial #resistance for the day. Also the placement of CPR for upcoming day suggests that the index can open under 54,000 and continue to be bearish for the rest of the day. #Chart Pattern :- The index is in the process of forming an "M" pattern. Which can lead the price to more downside till next support of 53,700 zones. OI Data :- The OI data of BANKNIFTY for 25/Sept expiration shows that there's been a significant buildup of OI on the put side in comparison to call side, this signals a bullish/sideways movement. However 54,000 being a psychological level can act as a strong resistance.
NSE:BANKNIFTY
by karan_bagri
Is IDEXUSDT Preparing for a Bullish Surge or a Breakdown?Yello Paradisers! Could this be the breakout we’ve been waiting for, or is a fakeout lurking? Let's dive into what’s happening with IDEXUSDT right now: 💎IDEXUSDT has broken out of a triangle pattern and has now formed a W pattern at the demand zone, increasing the likelihood of a bullish move. 💎If IDEXUSDT breaks above the resistance zone and secures a candle close above it, we can anticipate a strong bullish move. 💎In the event of a pullback, there’s potential for a triple bottom pattern to form at the support zone. To confirm this setup, watch for an I-CHoCH (Internal Change of Character), indicating a shift towards a bullish market structure. 💎However, if the price breaks down and closes a candle below the demand zone, it will invalidate our bullish setup. 🎖As always, patience and strategy are key. Only those who stay disciplined will come out ahead. Stay sharp and trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
TIAUSDT: A Bullish Breakout or False Hope? Key Levels to WatchYello, Paradisers! Are we about to witness a massive bullish move in TIAUSDT, or will it break down and catch traders off guard? 😱 Let's break it down. 💎TIAUSDT has broken out of its descending channel and is in the process of forming a W pattern, which is increasing the probability of a bullish move. 💎However, for the bullish scenario to truly play out, we need TIAUSDT to break above the resistance zone and close a candle above it. Only then can we expect further upward momentum. But remember to closely watch BTC's price action as well, as it will increase the overall probability of success. 💎In the case of a pullback, we could see a bounce from the small support level, but for confirmation, we need to see a Change of Character (CHoCH) indicating a shift back to a bullish market structure. This will significantly improve the odds in our favor. 💎However, if TIAUSDT breaks down and closes a candle below the support zone, it would invalidate our bullish scenario and we’ll need to re-evaluate. Be disciplined, trade smart, and always wait for confirmation before making any moves. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDShort
by tradergyan01