On 1Day Time Frame Stock Showing Reversal Of Double Top Pattern It can give movement upto reversal target of -663. There have chances of breakdown of support level too after breakdown of support level this stock can gives strong downside rally upto -575.
In Hourly chart NSE:AFFLE has given the breakout of Double top. Previous trend was uptrend. Price Objective for the same will be the height of top.
* It is my analysis and not a recommendation to buy or sell.
Time Frame : D
Structure Range Bound
Range: 210 - 268
CMP : 248.60
View : Bullish till 260 then expecting breakout of 268 due to multiple buying between 210-216
Important support or Buying Zone : Multi support at 211 -216
Buy at > = 248.60
Stop Loss : 238
Target 260 - 270 - 295
#NSE:SBILIFE formed beautiful cupandhandle pattern.
Chances for a small pull back and bounce or gapup as the BO retest done with high volume.
Safe players can wait for the 1200 level and risky may check today support levels.
Minda Corp is giving a multi year breakout after a formation of double top. If stock consolidates here that will be good sign for future upside move.
levels are self explanatory on charts.
Disclaimer : This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Symphony had given a much awaiting breakout above 1090 which it has tested earlier
two times but faced resistance but now with rising volume it has significantly crossed the level.
Also double bottom is visible which is a reversal pattern and now its a conformation of that.
Both RSI and MACD are showing positive signs and supporting the up move.
In short term...
A DOUBLE TOP chart pattern is known as a reversal pattern. already retested . confirmation is given in daily time frame
I am not a sebi register this only for education purpose .I am not responsible for any loss or profit
BTC is already in a strong downtrend and now is in a sideways zone. So, I analyze the next possible move using simple S/R. If there is anything else feel free to comment.
NOTE: DO YOUR OWN ANALYSIS BEFORE ANY INVESTMENT