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
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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.
Equitas : Weekly Chart BreakoutEquitas Holdings : Beautiful Breakout on a weekly chart of #Equitas & retest done.
Stock ready to fire. Enter above safe entry levels only.
wait patiently for Target levels as setup is on weekly charts
Book partial profits @10% & trail the rest
Happy Trading !!!
BTCUSD Bybit Chart Analysis July 25
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“Make it simple, make profit”
It’s BitcoinGuide.
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If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 25.
After writing an analysis article on Bitcoin on July 22, it is a movement.
I marked the main sections with black fingers.
After rebounding, breakout to the sky blue support line
Bitcoin 30 minute chart.
Check the main section in black
Start with a short $23650.5 first red arrow
After detouring and breaking away from the green support line
It is rebounding from the red support line.
I told you to be careful in long position switching.
I don't know if you made good use of the parallel line I drew.
At the bottom long switching, it broke the green support line.
After achieving $754.5 profit, short stop loss treatment
Those who maintained the maximum short position after making 1701.5 dollars
It is rebounding.
Congratulations to all who made a profit.
12 hours chart MACD dead cross
You were well supported.
A $22701.5 gap has been created at the bottom.
What kind of moves will come out this week?
Let's look at it as a whole.
This is a 4 hour chart.
Today's approximate Top and Bottom prices are displayed.
The purple support line is above the support standard.
When the green support line is touched,
strong rebound or
It may continue to fall after tomorrow.
Check the red movement route and the sky blue movement route
I made today's trading strategy.
It's a very difficult place.
Exactly at the current location, the bifurcation point is divided into three.
* Upward / Rebound after a strong decline / Downward
I'll have to wait and see, but I'm sure there are a lot of people waiting, so I'll proceed right away.
30 minute chart neutral strategy.
The current position is the section where the rising pattern has been restored,
If you go down a little further, there is a spot where the pattern might break.
If the pattern breaks again,
Wait for the support line until the next pattern, or
It is a place where a downward trend can be connected from tomorrow onwards.
The spot where the pattern is broken is the center line of the daily chart at the bottom.
In short, it is now a section where you do not know where to go.
If you are entering long and short, you can use the 5-minute trend change.
For those who are not in a position, I think it would be better to wait until the afternoon and run it when the direction comes out.
Nasdaq analysis has been carried out, but has not yet been assigned separately.
I personally proceeded with the strategy according to the arrow movement path.
The strategy can be successful only if you do not touch the daily center line.
In the morning, the adjustment was made without returning the gap.
marked with the upper gap
I said I'd make it as easy as possible, but it's hard to explain.
Simple arrow movement path
Long -> Short -> Long Switching Strategy
1. $21869 chase long position / Stop loss when breaking the red support line / If you touch the $21535.5 shown today, it becomes more complicated.
The strategy can be successful only if you support it from the current position without touching it.
If you succeed in rebounding after touching the daily center line, it may continue to decline after tomorrow, so you need to make the most of your profit by correcting stop loss and wait for a short position.
2. $22825 short position entry section / Stop loss when the red resistance line is broken
3. 22241.5 dollars long position switching / When the green support line deviates, operate autonomously in the stop loss or new drawing section
The final target is to the right pink resistance line.
When you touch $21535.5 on the daily center line,
Depending on the situation, a light blue finger movement path may appear (12 Jiji + daily peak center ascending pattern recovery section)
If the center line is touched and a rebound appears
It may continue to fall after tomorrow, so you should focus on short positions.
I have summarized it in a simple way without complicated terms, I hope it helps.
Every day is not easy.
It seems that life and charts are very difficult.
Never trust my analysis.
Please just use it as a reference and use it in real time.
Principle trading / Stop loss is essential, I hope that you operate safely.
BTCUSD Bybit Chart Analysis April 1
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for April 1.
This is the movement after writing the analysis on the 31st.
I marked the main sections with black fingers.
Yesterday I wasn't feeling very well
I just proceeded with the analysis without final finishing.
After all, a big movement came out when I was away.
Ha, bit ...
At the time of short->long switching
4 hour support line as the major support line opens.
A strong decline occurred.
In the 4-hour center line pattern that I have explained so far,
Because it was after the safest support line
From yesterday, I explained that it is okay to operate with shorts.
I put it down right away.
I'm sorry for all the short bugs.
I like shorts too. You may be mistaken, but I'm a caterpillar neutral.
In strategy short -> long switching
Stop loss processing when switching long positions.
After that, the bottom section was damaged, and the gap section is finally ahead.
After the first gap occurred, I hoped not to reach
I think it took about 2 weeks as described.
I'll see you later.
4 hour chart.
12 Hour MACD Dead Cross is engraved
It looks like we've met up to the daily chart dead cross.
And Monthly candle was created,
Weekly charts are the problem.
How it will hold up until this week and how it will fall seems to be important.
Personally, I only look at the maximum and Weekly charts.
Today's approximate Top and Bottom prices are displayed.
around the gap line,
Check the red up/light blue down movement path
I made today's trading strategy.
Observed a breakout pattern in BANKBARODA on weekly charts*Only for learning purpose*
There is a visible Cup and Handle Formation on Weekly chart of Bank of Baroda. You can check the charts for some details. Kindly suggest and advice if I made a mistake in this observation.
And as far as I believe, this is supported with increasing volumes, visible on charts.
#SBIN heading to ₹100 on longer term chartsState Bank of India at ₹100 ? This is a very real possibility if the elliottwave pattern on the long term SBI charts indicated above are right. As can be seen, the 2015 - mid 2019 overlapping but upward titled move can be charted to indicate a long term ending diagonal. The subsequent downmove is clearly impulsive and has now just completed the 4th wave upward correction. This means we are headed to ₹103 if wave 5 of this move equals wave 1.
Short term charts will be published soon with details on the internal wave counts of the current impulse.