The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the way.
TOTAL have chance to take retracement becoz of Double top and RSI DIVERGENCE, Next support levels are 1.2T , 980B , 874B and 725B. Another chance to make triple top also if interest rates go lesser. #Bitcoin #nft #bnb #eth #btc #BSC #Binance #trading #altcoins #cryptocurrency #crypto
Banknifty at resistance zone. Triple top. Expecting bearish Wolfe Wave. Pattern invalid close above 42750.
TVS motors leading automobile company as we are seeing some demand in 2wheelers electric model here TVS motors making a Tripple top i.e Head and Shoulder pattern and stock was previously forming the pole and flag treated as channel formation the stock breaks downward and move towards the selling side now in 1day time frame it can go for further sell-side below the...
GBPAUD starts lower lower trend. Triple Top Pattern creates with RSI Divergence and breakout structure, After that I Open SHORT ENTRY.
Time-frame 1 hour Triple top with negative divergence SL 693.95 1:1 Target 676.35
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HCL tech multi timeframe analysis for swing trading in hindi in this video i have shown, 15 minutes & daily chart analysis of HCL tech. and trade setup for next day 08/08/2022. you will get idea of where to short sell & where to put stop loss. i have shown practical use of reversal pattern such as triple top, H&S, double top & rising wages pattern. i have also...
SBI Life is at its all-time high, with solid candle and volume any pullback is buying opportunity, 1300 is a Do or Die level
India Inflation has formed triple top @7.88 , as visible on charts which signifies that inflation could come down. Also, RSI divergence is visible which indicates loss in strength from resistance level and suggest retracement in inflation. Below 5.81 inflation would be optimum and will favor stock market and economy.
In Dow Jone Index we seen Triple Top formed on hourly time frame and given Breakdown. After Breakdown seen a huge Fall in index of 7.25% which is the huge Fall for any Index in Market. Now taking support at 30145 which is trend line at daily timeframe and will try to recover.
MPHASIS after making tripple top is on verge of breakdown. Short MPHASIS for target of 2700/2600 and 2450. Invalid above 3080-3100 closing.
DIXION is a very strong stock and has been in uptrend for a very long time. in the past it has broken the strong resistance 4800 and is now a support of the breakout, same might happen if the triple bottom bounces back to resistance (5529) and give a breakout to create a new support. till then we have to wait and watch. good to buy at support
Tata Elexi is now moving in the same formation for quite sometime it has to cross the marked entry point for a good uptrend movement. It has been giving closing in red 4 times in a week. Once it crosses and closes above the entry point it will be an uptrend
EXPLANATION : This is a 30 min time frame chart of HDFCBANK . It has been in a consolidate for days and has formed triple top pattern . If give a strong breakdown and broke its Demand zone with high volumes and retest the same , I am bearish on HDFCBANK . If taken support from Demand zone , I am bullish on HDFCBANK . Enter as per your setup . If you like the...
EXPLANATION : This is a 30 min time frame chart of HDFCBANK . It has formed Triple top pattern breakout & retest , If stock give a breakdown and broke it's trendline support , I am bearish on HDFCBANK . If stock bounce back I am bullish on HDFCBANK . If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
EXPLANATION : This is a 15 min time frame chart of NIFTY . It has formed Triple top pattern gave a breakout and retest now support become resistance , If taking resistance from supply zone , I am bearish on NIFTY . If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
EXPLANATION : This is a 1 hour time frame chart of NESTLEIND . It has formed Head & Shoulder pattern // Triple Top pattern , If give a strong breakout and broke its demand zone with high volumes and retest the same , I am bearish on NESTLEIND . If taking support from demand zone trade with multiple confirmations . If you like this analysis of Stock give a Like...