A double bottom pattern right at the base of the parallel channel along with a bullish divergence indicates upward continuation in the stock for the targets mentioned.
In today's session, Nifty showing breakdown of its double top pattern neckline with strong bearish candle. After breakout of this support expected nifty will give downside target of 13600 in upcoming trading session. Today nifty hold its nearest trend support. We can wait for breakout of this support too. After breakout possible quick downfall towards the target....
There are two key steps to creating alerts:
1. Find Important Price Levels
Do your research. Find a price level that looks important and wait. Patience is everything. You have all of the tools available to you to research and follow markets. Whether it's a simple trend line , moving average or a custom Pine Script, use the tools to make better decisions.
2....
Burger king is consolidating for a time and has also formed a double bottom. Chart pattern and MACD single are showing some trend reversal sign means single for a bull run.
Buying zone - 130 or below
Targets - 150 ,170, 170+
FAQ
- What are Double top and double bottom?
Answer - Double top and double bottom are reversal chart patterns observed in the technical...
Banknifty has formed double bottom pattern on 15 min chart. If we look closely it is approaching towards its resistance level. Tomorrow we have news on INTEREST WAIVER. So we would suggest to wait until the decision. If the decision favors for market one should go fir long positions ne cause there’s a chance bank nifty might break 200 ma and change its trend.
► Stock of The Month #2 ◄
➟ Everything on Chart !!!! ➘
📌 I have found 15 new patterns on the charts. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ I will post the remaining patterns one by one every month. For more, you can check out my previous studies 😍 as...
BO with recorded high volumes now at retest
Buy at CMP (good buy zone is 50-45)
weak below 38(Small cap so please maintain SL below 38 on closing basis)
target of 64-74-90
Resistance acts as Support near 49-47 Also Fibonacci retracement zone (61.8%) near 48
Increasing volumes during uptrend
volume dry up during consolidation
The stair steps pattern overview
The stair steps pattern forms along with the trend .It shows an uptrend where the price rises and falls abruptly. The graph reminds the stairs, thus a name of the pattern
In the uptrend, you may notice long consecutive bullish candles. Then, the price adjustment takes place and the cycle starts all over again. The price...
* A beautiful chart set up in HPL Electric Motor Ltd. when volume is exceptionally low or high, it usually pays to take a closer look.
High volume represents that big players are participating. In this stocks inverted H & S breakout with significant volume at time of breakout .
a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents. Buy with stop loss close below 29.50.
![NIFTY: [Conditional Short]Double Top Neckline breakdown in NIFTY](https://s3.tradingview.com/v/vMlHjR6H_mid.png "[Conditional Short]Double Top Neckline breakdown in NIFTY")
![HPL: [Positional/swing] HPL Electrical Long](https://s3.tradingview.com/n/nY1HXSFI_mid.png "[Positional/swing] HPL Electrical Long")
