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...
if bounches back off the blue support with volumes than we can take a long of 365. investors can buy in this dip. thank you.
Do not trade in between 35200 - 34755 . Buy Above 35200 for the Targets marked on Chart Sell below 34755 for the Targets marked on Chart Make entries only when the price action is suitable respecting to the trendline Take Entries when Market sustains above / below our levels Avoid entries , if there is a Huge Gap Up / Gap Down Take Entries as per Price...
Double Top, a bearish reversal chart pattern explained What is Double Top Pattern ? NSE:SBIN Double top is a trend reversal chart pattern formed after good bullish price move (a continuous price move for a good duration) where the upward price movement looses its steam (first top) and it retraces a bit (to neck line or mid point). Then again it moves in...
Titan given breakout of Double Top formation on daily time frame. volumes are not much attractive but overall trend is negative.
The stock is forming a pattern and if it follows Double Top then it may test 600 levels. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
In the last trading session, BERGEPAINT breakout its recent support line which is the neckline of Double top pattern. After the breakout of this support burger paint may fall upto 707 level.
NSE:BANKNIFTY has formed a double top. Ideall should correct from here and one can sell below Fridays low with a stop loss above the recent high.
Aisan Paints is forming a double top pattern in 1H time frame. Resistance at 2240-2245, Once the resistance is broken you can enter and the resistance should act as support. Earnings reports were also good with2.66 which is 28% above the expected returns. If the resistance is not able to break the enter a short position for a target of 2160.
Symmetrical triangle formation , If breakdown then ignore Big volume , RSI is already uptrend Wait for the perfect breakout and retracement Target is based on the resistance LOT SIZE = 10 pure Price Action Analysis FOLLOW FOLLOW FOLLOW LIKE LIKE LIKE COMMENT COMMENT COMMENT
In 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...
Heavy resistance @ 149.70 ___ If it breaks the support of 139.4, then it perfect for shorting as per Double Top Pattern. ___ If it does NOT break the support, it maybe a trend reversal to the resistance or movement of price in sideways. ___ Warning: Today is the quarterly earning result of COAL IND. Please ensure to look at that too. ___ Have a different view,...
I already published this IDEA before in June 4. Please view it. Whole Pharma was under pressure TODAY. ___ Target 1. 475 Target 2. 470 Target 3. 450 Stop Loss @ 499 ___ IF YOU HAVE A DIFFERENT VIEW ,PLEASE SHARE, SO THAT I CAN IMPROVE MY LEARNING. ___ THANK YOU
Sun 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...
As clearly shown on charts, Mindtree is currently facing weekly timeframe resistance 1) Momentum loss clearly seen 2) RSI below 60 3) Double Top Formation 4) Negative Divergence seen on daily charts Confirmation of the pattern if 880 Broken, One can enter into positional long for a target of 730
BIOCON has just formed a DOUBLE TOP and look out for reversal from this level.