Double Bottom Pattern Formation in Daily Chart of PONNIERODE
What is Double Bottom Pattern?
The double bottom pattern is a popular technical chart pattern used in financial markets, particularly in stock trading and investing. It is considered a bullish reversal pattern, signaling a potential change in the trend from a downtrend to an uptrend.
The pattern...
This is a NO BRAINER.
Beautiful multi year retest at support from 2013.
All you need here is Patience.
Further the company fundamentals are good too.
Debt Free
The Co. became a zero debt entity by end Q1 FY22, while temporary surplus funds are being parked in Bank FDs, pending capex spend on its ethanol project.
- Company is almost debt free.
- Stock is...
- Expansion of an extreme narrow range
- High volume breakout
- Bounced off the weekly swing level
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Stock Name - Ponni Sugars (erode) Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 530
#This is not Buy and Sell recommendation to any one. This is for...
Stock Name - Ponni Sugars (erode) Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 292
#This is not Buy and Sell recommendation to any one. This is for...
