Get started

Double Top or Bottom

Technical Analysis for Bector Food Specialties Ltd. (BECTORFOOD) Trade Type: Swing trade for 3-12 months Key Highlights: Near strong support zone Double bottom pattern indicating potential reversal Targets marked based on technical levels Stop Loss (SL): ₹1499 for risk management 📌 Disclaimer: This analysis is for educational purposes only and not investment advice. Please consult a financial advisor before making any trading decisions. #BectorFood #TechnicalAnalysis #SwingTrade #DoubleBottom #StockMarket #SupportZone #TradingStrategy #RiskManagement
NSE:BECTORFOODLong
by hunterhunt777
TATA MOTORS - DOUBLE BOTTOM - DAILY CHART.Tata Motors is almost 40% down the the ATH, seems a good opportunity to Invest for long time perspective. It is trading below 50ema and making a Double Botom pattern at daily time frame. RSI divergence is clear. Right now at an old support. In case it goes down further then it may touch 665-670 levels. In that case it will make Triple Bottom pattern. Nifty Auto Index is also making a Double Bottom pattern so there is probability of a reversal. If you like my analysis, please follow me as a token of appreciation :) in.tradingview.com/u/SatpalS/ For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
NSE:TATAMOTORS
by SatpalS
5
BANKNIFTY levelsAs of December 28, 2024, the Nifty Bank Index (BANKNIFTY) closed at 51,233.00, reflecting a decrease of 84.60 points (-0.16%) from the previous close. For the upcoming trading session, the following support and resistance levels have been identified based on pivot point analysis: Resistance Levels: R1: 51,364.24 R2: 51,495.47 R3: 51,608.84 Support Levels: S1: 51,119.64 S2: 51,006.27 S3: 50,875.04 These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.
NSE:BANKNIFTYLong
by EmpireCrown
AXISBANK Support & Resistance As of December 28, 2024, Axis Bank Limited (AXISBANK) closed at ₹1,077.85, reflecting a slight increase of 0.09% from the previous close. Here are the identified support and resistance levels: Daily Support and Resistance Levels Support Levels: S1: ₹1,071.60 S2: ₹1,068.73 S3: ₹1,060.83 Resistance Levels: R1: ₹1,081.85 R2: ₹1,084.65 R3: ₹1,100.53 Weekly Support and Resistance Levels Support Levels: S1: ₹1,069.00 S2: ₹1,061.00 S3: ₹1,049.00 Resistance Levels: R1: ₹1,089.00 R2: ₹1,101.00 R3: ₹1,108.00 Technical Indicators Relative Strength Index (RSI): 27 (indicating potential oversold conditions) Moving Averages: 5-Day Average: Not available 20-Day Average: Not available 50-Day Average: Not available These support and resistance levels, along with technical indicators, provide a framework for assessing potential price movements. Use these insights in conjunction with broader market analysis and risk management strategies.
NSE:AXISBANKLong
by EmpireCrown
POWERGRID - very bearish after breaking out of double top DOUBLE TOP BREAKOUT - price of NSE:POWERGRID has recently broken out of a perfect double top pattern indicating strong downward pressure for the stock MORNING STAR CANDLESTICK - price has formed a morning star candlestick pattern at the last peak indicating bearish momentum for the stock CROSSED BELOW 200D SMA - the price has also recently crossed below 200D sma which is an indicator of strong downside pressure for the stock. TARGET - the price will go till 301.9 level
NSE:POWERGRIDShort
by peace_lover
Blue Chip Pharma: Fibo, Bullish Pattern and a good story...Pharma sector is one of the resilient sector in current market condition. 1. After fall for almost couple of months, its showing reversal signs. Made a double bottom at 38% of fib level. 2. After double bottom formation, consolidating sideways, even when Nifty was falling. This shows interest of big players and there accumulation. 3. Today, it has broken out of this sideways zone with higher volume and has confirmed the breakout. 4. Entry: 1841; SL: 1782 (3%); Target:1960 and then trailing profit with 9 EMA on day TF. Disclaimer: I have open cash position at this counter.
NSE:SUNPHARMA
by AbhayRege0703
ABDL: Bullish Setup Post-BreakoutABDL: Bullish Setup Post-Breakout 🔥📈 ✅ Breakout Alert: Price broke out of a long consolidation range, signalling strong momentum. ✅ Retest Success: Retested the breakout zone (~₹373), confirming it as support. ✅ Bullish Pattern: Inverse Head & Shoulders confirmed, adding to the bullish outlook. ✅ Volume Pickup: Rising volume aligns with price action, indicating strong buying interest. ✅ Above Moving Averages: Price holds above key 50 & 200 DMAs, reinforcing the uptrend. 🎯 Key Levels: Entry Zone: ₹395-396(Safe Players wait for a day close) Target: ₹471-480 (Medium Term) Stop Loss: ₹359 (Closing Basis) 💡 Risk/Reward: Risk: ~9% Reward: 38%-50% 📌 Note: This setup is for educational purposes only. Please do your due diligence before trading.
NSE:ABDLLong
by sagartharayil
Sanofi probable trade set upPrice action analysis for Sanofi India (SANOFI) indicates a bearish trend in the short term. The stock is currently trading below its 20-day Simple Moving Average (SMA) and is in the lower range of its Bollinger Bands, suggesting downward momentum. The price has broken a strong support level of 6257, which could lead to further downward movement. Key price action indicators: 1. The stock is trading near its recent lows, reflecting strong selling pressure. 2. The current price (as of December 20, 2024) is 6,205.95, significantly below its 52-week high of 10,524.95. 3. The stock has broken its weekly support, indicating a bearish outlook. Technical indicators supporting the bearish trend: - ADX (Average Directional Index) is showing a strong sell signal. - MACD (Moving Average Convergence Divergence) has generated a strong sell signal. - The Ichimoku cloud is red, with prices below the cloud, suggesting a downtrend. - CCI (Commodity Channel Index) has generated a strong sell signal. However, it's worth noting that the RSI (Relative Strength Index) is generating a buy signal in the short term, indicating that selling might be slowing down. This could potentially signal a reversal or consolidation in the near future. Volume analysis shows that the stock is falling with high volumes, as it's trading below its Volume Weighted Average Price (VWAP) of 6385.21. This suggests that sellers are currently more active in the market.
NSE:SANOFILong
by KamalKJoshi
Railway Wagon Manufacture theme show positive for short term Triple bottom pattern breakout and retest is appears to be done , now with target of RR of 1:1.87 , expecting high order flow in upcoming Q4 + Budget within 1 month overall basket is about 40-42k cr. valuation showing potential space to inflate market cap , and trading at avg of 6-7X of P/B value which is also quite good NSE:TITAGARH NSE:JWL NSE:TEXRAIL No buying recommendation , Study purpose only DUOR before invested Disclaimer - holding sizeable Quantity in both NSE:TEXRAIL and NSE:TITAGARH
NSE:TITAGARHLong
by girish2mutha
2
NMDC Swing idea (Long)NMDC can give breakout due to following technical reason: 1) Breaking a range after 2+ month consolidation 2) Double bottom pattern(or W pattern) formation in daily & weekly chart 3) Trading above 20, 50 EMA on daily & weekly 4) Swing low are not broken, range is slowly shifting higher side (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:NMDCLong
by GauravPrasad_GP