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.
Welcorp is showing breakout on Monthly chart, close above 285 only monthly candle will be strong signal for new highs from here. Keep it on radar, updates will be posted regularly on this.
$ATOM forming double top pattern. Its not confirmed yet. But one can try shorting now with SL at the previous high.
Banknifty made double top today. It might go for a small aggressive correction from here for few trading sessions.
NSE:POONAWALLA View: Bullish 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 #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.
it has formed double top on weekly chart and broken neckline downside. 1400 looks on the cards. which also matches with Fib retracement of 38.2%.
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...
Rising wedge patten seen at 1hr TF and also Double top patter formed at 15min TF which will indicates great short entry in Grasim
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
The double top pattern in dow jones is like dow jones wants to test more low from here.
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 Thank You
Firstsource Solutions Ltd The Double Top Reversal is a bearish reversal pattern weakly chart I am not a sebi register this only for Education Purpose .I am not Responsible for any loss or profit
MACD is showing a strong bearish divergence building up on the weekly timeframe. In context of the tightening monetary policy of the FED, this is not looking good.
The stock formed double top pattern and closed below the neckline..... In the RSI Indicator it shot up from a over sold zone to the over bought zone to give a strong pull back......to form a clear double top pattern....... The Market is in down trend..... I think we can short......what is your opinion?
1. Uptrend Channel support broken 2. Trading near Double top neckline, If close below 890 on daily may expect 8% fall 3. Nifty Pharma also Same pattern formed & already double top neckline broken can expect 8% fall on nifty pharma index also
EXPLANATION : This is a Daily time frame chart of M_M . The stock has been exact Demand zone , It has formed a Descending Triangle Pattern , Double Top Pattern on 4 hr time frame , If stock has been break the zone with high volume & Retest Demand zone , ( Support Become Resistance ) Go short . If taking Support at exact zone , I am seeing a very good buying...