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Capital First on Hourly Chart Capital First on Hourly Chart gave a double bottom confirmation breakout . Heading towards 790 - 800 zones now . Breakout is visible with Rise in Volumes .
ICICI PRUDENTIAL BREAKOUT ON DAILY CHARTICICI Prudential has broken out of a cup and handle pattern on both the daily and weekly charts. It’s a good sign that the breakout occurred on both charts, making the pattern more valid. I’m keeping a close eye on ICICI Prudential, and if it crosses the 641 mark, I’m expecting it to climb to 681, with a longer term target of 724. I believe this is a solid, long-term investment strategy, and I encourage patient investors to take advantage of it.
KPITTECH 'W' CHART PATTERNCMP 1540
1st Target 1610
2nd Target 1680
3rd Target 1725
Stop loss 1470
W Pattern in Stock Market:
W pattern in stock market is a technical analysis chart pattern that resembles the letter “W” and typically indicates a potential reversal in the direction of a stock’s price movement. This pattern consists of two consecutive troughs (low points) separated by a higher peak (high point) in between, forming the shape of a W .
Double bottom chart patternICICI Securities given double bottom formation on chart
breakout level is 577
if price sustain above 577 there will be more up side in stock
you can place target up to 734 after
This breakout level is resistance which will become support after breakout
once it break 577 price will suddenly rise after it may be some profit booking for intraday traders those who take it at breakout because of this profit booking by very short term traders this will take price down so it may retest the level of 577 after breakout
when it retest that level resistance will become support here again fresh buying will come those who not able to take because of fast up movement at breakout they are waiting to take again if price come at that level of 577 this will lead to take price again in up direction after retesting from here there may be a good move in stock for target of 734
Double Bottom chart pattern :
This chart pattern is seems as " W " pattern
where price comes down from higher side and give a price correction which make first bottom
Then price again try to follow trend and comes down but price rejected to go more down by buyers and near support of first bottom it reject the trend continuation
and this up move from support with first bottom create second bottom on chart which seems as "W"
At previous correction high by price given last swing high this high is consider as breakout level for double bottom chart pattern
This chart formation is a sign of trend reversal
NAVKARCORP : Chart Pattern Breakout#NAVKARCORP #breakout #chartpatterntrading #momentumtrading #swingtrade
Navkar Corp : Swing Pick
>> Inverse Head & Shoulder pattern
>> Trending setup
>> Volume Spike
>> Low Risk High Reward Trade
Swing Traders can lock 10% Profit and keep trailing
Note : In Current Market Scenario, Breakouts can Fail. So Trade Good setups with Proper Risk Management & position sizing
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Disclaimer : Charts shared for Study Purpose, Consult ur Financial Advisor before taking Position in it. Also do ur own Analysis
PANACEA BIOTECH : Chart Pattern Breakout#PANACEABIO #chartpattern #breakout #trendingsetup #swingtrade
PANACEA BIOTECH : Breakout Candidate
>> W Pattern Visible
>> Trending Setup
>> Volume Dried up
>> Good Strength in Stock
Swing Traders can lock profit at 10% and keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.