Check the Double top breakdown. In last session it did break neckline of the double top. Target for this pattern is 250 but some support around 254, so we can take trade for 254. Keep in watch-list.
Double Top pattern spotted in Infy. Pattern is confirmed as price has fallen below the neck level. Thus the stock can be expected to fall to 720.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk...
Double Top pattern spotted in Bandhan Bank . Pattern is confirmed as price has broken below 532-542 range. Pattern suggests a target of 436 which is 18% downside.
TATASTEEL facing resistance exactly at fibonacci (513).
Will it break up or will move in uptrend double top?
If it breaks up target 535
If it moves down target 490
These are study notes for the free Babypips course.
Based on this article: www.babypips.com
Chart we're using is the infamous Bitcoin double top of late 2017.
Notes:
- Neckline is the resting place between the first top, and the second, failed 'run up'
- When the 2nd run up fails, that indicates that buyers are...
INTRA-DAY SHORT IN HAVELLS HOURLY CHART
FORMED A DOUBLE TOP
A CLOSE BELOW 669 ON HOURLY CHART
WILL ENSURE RANGE BEWTWEEN 670 TO 685 IS BROKEN
NOV FUT
SHORT@669
STOP@674
TARGET@660
LOT:1000
QTY:2
Two possibilities (zones) arise from the chart –
• Buy
• Sell
BUY ZONE:
i. As FLAG completion is observed, the stock should move upwards.
ii. While moving upward it can face resistance around 133.95 to 135.75 due to formation of Double Top and 618 level.
iii. If it breaks above then it can move up to 146.40 to 152.00
SELL ZONE:
i. If the stock move gets resisted...
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