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Doubletoppattern

Cautious View on UPL for 24th July 2020In today's Trend it has been observed that the Script has touched and faced a hurdle at this Trerdline near 470 and could not sustain. the Stock has made Double Top and Double Bottom Format so now it's positioned at a stage where it can give a Breakout or Breakdown. So be Long if Crosses 475 for the Targets of 480-485-490 Targets. Go Short if Sustains below 456 for 5% Downside before Earning. Fundamentally good stock and expectation of Good results at high on Street. Happy Trading. It's my Personal View, Please don't treat as Recommendation.
NSE:UPL
by Gaurav1985
RISE OF A DOUBLE TOPSun Pharma ____ DOUBLE TOP __1 day chart pattern ____ APRIL 27 tested a new high (504.80) and failed to break it. Almost after month+ it has risen above to its Previous HIGH. ___ I would go SHORT around " IF THERE IS ANY RESISTANCE AROUND IT'S PERVIOUS HIGH OR IF THERE IS A SIGN OF A NEGATIVE CANDLE ( HANGING MAN ) IN THE NEXT FEW DAYS" TARGET__ 475- 450 STOP LOSS __ HIGH OF THE RESISTANCE OR THE RED CANDLE YET TO BE FORMED WARNING -- GO SHORT ONLY IF THERE IS ANY STRONG RESISTANCE AROUND PREVIOUS HIGH 504 (+3,-3) RANGE.
NSE:SUNPHARMAShort
by oldwine
6
INFOSYS | Double Top patternDouble 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 and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:INFY
by AkhilSuryaFS
2
Study Notes: Double TopsThese 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 exhausted - Notice the indecision doji, near the neckline and right before the drop! - Distance between neckline and top = good basis for the size of the first big drop, to calculate your short
GEMINI:BTCUSD
by emotionallydetached