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What Is a Double Bottom? A double bottom pattern is a classic technical analysis charting formation that represents a major change in trend and a momentum reversal from a prior down move in market trading. It describes the drop of a security or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound (that may...

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In GujGadLtd ABC Correction & In B Wave 0 5 Wave Structure is Showing

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A False Breakdown occurs when the price moves through a certain level but doesn't continue to accelerate in that direction. This is because the price does not have enough momentum and the selling interest at this level is not high enough to keep pushing the price in that direction. Instead, the market reverses! Weekly Timeframe: Fake breakdown Daily...

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Bullish divergence in RSI occurs when: The stock makes a lower low while the RSI forms a higher low RSI doesn't confirm the low and shows strengthening momentum The price and RSI are not in sync, with the price forming a higher move than the RSI

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Bearish technical reversal pattern A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. Same is showing in Muthoot Finance, After Significant upward move there is double top.

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Reliance is going up after .. a] making 1st Higher Low b] Touched Golden zone of Fib Retracement 0.618 to 0.786 % c]Todays Close is above last 3 days high d]Todays closed crossed above 5EMA e] Price is close near high (Strong Bullish Candle)

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Inverse head-and-shoulders chart pattern is an important indicator for identifying bullish reversals. Characterized by three (3) distinct troughs: a lower "head" between two (2) higher "shoulders," this pattern signals a potential shift from a bearish to a bullish trend when the price breaks above the "neckline."

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In Axis Bank Seems to be ABC Correction near 1.618%

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Inverse head-and-shoulders chart pattern is an important indicator for identifying bullish reversals. Characterized by three (3) distinct troughs: a lower "head" between two (2) higher "shoulders," this pattern signals a potential shift from a bearish to a bullish trend when the price breaks above the "neckline."

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Double Bottom & No Sellers below the mark level Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India.

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Hidden Divergence tends to appear within an existing trend. It signals the end of a consolidation phase within the larger trend. We call it “hidden” because it isn’t obvious to the untrained eye.

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Bullish Reversal / EDT in 5th Wave Also at support zone

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The inverse head-and-shoulders pattern : is a major reversal signal that forms at the end of a downtrend. It has three successive troughs, with the middle trough being the deepest.

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Double Bottom + Trendline Breakout + Dow Theory Changed (Swing High Broke)

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Understanding the SR Flip Price Action/CIP: (CIP: Change In Polarity) If you’re a trader or investor, understanding price action is crucial to making informed decisions in the market. One popular price action pattern that traders often look out for is the SR flip, also known as support and resistance flip Resistance can become support Price breaches a support or...

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Golden Gate : When 20/50/100/200 EMA is near to each other , Price and Time correction is over this formation is observed Yellow Major Trendline Breakout is good entry point. Looks like ABC Correction is over in 2nd Elliott Wave . Ride the 3rd Impulse wave for Big Target.

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Time Frame :Daily RSI Divergence - Bullish Reversal Pattern is showing in it. .

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1]Second wave retracing to the 0.68% Fibonacci level. In Elliot Wave Theory, the second wave is typically a corrective wave that retraces a significant portion of the first impulse wave. The 0.618 (61.8%) level is particularly significant, indicating a strong potential support or resistance zone & suggesting it’s near completion. 2]Completed ABC Correction: This...