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Wpattern

HUL Analysis! W and Flag and Pole!HINDUSTAN UNILEVER ANALYSIS! HUL Daily Analysis! HUL Analysis with combination of Patterns and RSI! Double Bottom Pattern Formation and Breakout in HUL! Flag and Pole Pattern Formation and Breakout in HUL! HUL has made Double Bottom pattern on daily timeframe it has given a breakout to the neck level and retested it's support level on the Neckline only. The interesting fact is, during it's retesting treading sessoins it has made Flag and Pole Pattern and also given a strong breakout. So we have combination of Patterns now with proper Breakouts and Retests. We can expect further upmove in HUL. Nifty also trending upwards. Entry = Aggressive Investors can buy at current levels, Conservative investors can wait for small retest. Stop Loss = Below 2577.65 Targets= 1) 2689.80 2) 2740.20 3) 2790.25 or 2827.35 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
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NSE:HINDUNILVRLong
by Avinash9087
52
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
BSE:ISECLong
by ProfitPicks
2
GREAVESCOTGREAVESCOT:- The stock has formed a pattern like double bottom pattern, the stock has also given a breakout, and the stock has also come for retesting. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:GREAVESCOTLong
by AjayDhakad_Keep_it_simple