Long term W pattern with 3 more Ideas for 27 October markets I daily make educational content videos on financial markets
LongDouble Bottom
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Reliance Double Bottom BreakoutHello Every one ...
So Now Today We Share Analysis Of Reliance With Proper Price Action based..
As Per Chart pattern Reliance has Given breakout Of Double Bottom.
If Sustain Above 2440 level Than We can see Good upside Movement In coming days ..
TRADE WITH YOUR RISK MANAGEMENT
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W Pattern formation W Pattern formation in banking stock Daily Time frame
Follow me for daily Chart pattern
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Double bottom in formation: Apcotex IndNSE:APCOTEXIND is forming the double bottom formation. Here trade should be taken after the breakout. Will breakout occur?
Note - Breakout is very important for the pattern to be success.
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What is Trading in the zone | Example with trade Idea I daily make educational content videos on financial markets
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APOLLOTYRE W Pattern (Double Bottom)NSE:APOLLOTYRE
#NSE:APOLLOTYRE formed beautiful double bottom (W) Pattern.
Levels marked on chart for study.
Few Most Profitable Chart Patterns1) Double Top, a Bearish reversal chart pattern
It is a trend reversal chart pattern formed after good bullish price movement (a continuous upward price movement for a good duration) where the upward price movement loses its steam (formed a first top) and it retraces a bit (to neck line or mid point).
Then again it moves in direction of original trend and reaches the first top level there by forming second top . It again cannot move above first top and start moving to neckline (NL).
Once
HEducation
DrLal Path giving bullish breakoutBuy DR LALPATH 2300-2350, for 2450,2600/2650. invalid below 2230. Stock has given double bottom breakout with all leading indicator turning bullish
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Double bottom in 15 Mins: Bank NiftyThere is double bottom in 15 mins. Can we see the Pattern complete or will there be failure of pattern?
*It is analysis and no recommendation
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BUY MONTE CARLOBuy Monte carlo 700, till 580 for 950,1050. Double bottom made at 450 range and stock is regularly surging higher. Today at 700 is highest weekly close. Exit if falls below 450 on weekly closing basis.
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TEGA Industries B/O and reversal from bottomThis stock has made double bottom in Daily time frame and has reversed the trend.
The stock is trading with good volumes so liquidity wont be an issue.
the stock is new to market as this was listed recently through IPO window and has created a great returns through listing gains.
profit booking in the stocks by big players led the stock to decline. now it is slowly gaining the momentum.
Place strict stop loss according to your risk appetite and holding period.
do not allocate major chunk of the
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M&M Finance Short Term Profit BookingBuy Above 168 for TGT of 180+ SL of 155
My First Trading Idea based on Price Action. For Education Purpose Only
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Double bottom patternThis isn't buying recommendation... I'm just validating / sharing my analysis with community of traders.
Although, I have bearish view on Infy because of recent news and thoughts of CEO about the employees. ;)
Well, Targets are %age of removal of total investment. 25% removal at every target. And shifting S/L to recent target. 👍
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coromandel - Equity / F N O / Intraday - swing - long termNSE:COROMANDEL
INTRADAY - SWING - LONG TERM
Date of analysis : 27 January 2021
Time Frame : 60 Minutes
Graph Pattern : Double Bottom
RSI Indicator : RSI Bullish Divergence
Observation :
1. Accumulation between 745 - 750
2. Trendline Breakout in zone of 745 - 750
3. Important support 725 -730.
4. After channel breakout Trend will be bullish.
5. Price action, indicator and pattern indicates possible Bullish move after channel breakout.
Intraday : 768 - 770 / or as soon as channe
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spandan : Twizzer Bottom , Bullish Engulf, Multiple BottomNSE:SPANDANA
Price Action : Twizzers Bottorm - Bullish Engulf
RSI: BULLISH DIVERGENCE
Pattern : Double/Multiple Bottom
Probability to break Green Trendline
Observation: Buy with Given Target. Trendline breakout will be the Long opportunity for given Target
Buy: @ 343.5 - 370
Stoploss : 330
Target : 390 - 408- 440 - 484- 500 - 510 + + + + + + + + + + + + + + + + + +
Note: Never Trade without stop - loss.Long term Stop loss should not be more than 4 %
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Poonawalla Multisupport with possible range breakoutNSE:POONAWALLA
View: Bullish
Time Frame : D
Structure Range Bound
Range: 210 - 268
CMP : 248.60
View : Bullish till 260 then expecting breakout of 268 due to multiple buying between 210-216
Important support or Buying Zone : Multi support at 211 -216
Buy at > = 248.60
Stop Loss : 238
Target 260 - 270 - 295
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DOUBLE BOTTOM PATTERN BREAKOUT IN DIVIS LABS.Hello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if high of today is taken out . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied.. According to me, an up move of 20-25% can be expected in DIVISLAB.
Keep trading ❤️
Hustle hard ✅
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lti back in uptrendstock corrected almost 50% from its 52 week high
and we can see double top formation and price corrected
and now double bottom is formed
and cup is made of double bottom with falling wedge as handle
now we can consider it to be in the buyzone and we also see rsi positive divergence + price closing above 75 ema
so multiple signals prove that we have a strong up trend
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tech mahindra back at where it started we can see double bottom , rsi positive divergence and now the price is above 75 ema so it is in buying zone and price already corrected from 52 week highs can accumlate for good risk reward ratio
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BPCL | Things aligned properly - Looks good for a long term betBPCL | Things aligned properly - Looks good for investment than short term trading
Quality stock
High dividend yield,
Discounted price,
Has atleast 60-80% room to rally.
Technically a good setup aswell.
Long
[Positional] HAVELLS Double Bottom BreakoutHavells has formed a nice double bottom.Today it has come out of Double bottom pattern also it has broken the resistance zone- so higher levels are expected going forward.
The length of bottom is quite high - and it exceeds the ATH of HAVELLS if projected upwards - so our R:R will be low in this case.
Entry - 1348-1350
Target - 1486
SL - 1200
Though R:R is very low - Probability of profit is high.
Long
BHARTI AIRTEL ANALYSISHello..,
1. airtel traded sideways in weekly.., its exactly bounce back from demand zone around 640-650 levels.
2. already institution players entered in demand zone.
3. now we got a double conformation double bottom formed in day chart.
4.if its break 700 day close basis target would be 770
5.target period 15 to 18 days
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Gold XAUUSD Technical Analysis UpdateAs you can see on the Gold XAUUSD chart, The price has reached a significant support level and it's possible that it forms a double bottom pattern and pushes the price higher to the trendline. In the lower time frame based on the minor levels we can look for breakout patterns or pullbacks to open the trade for the TPs. On the dollar index ( DXY ) the reversal pattern hasn't formed yet so this analysis 60% can be correct.
Wish good luck for everyone
Risk Warning
Trading Forex, CFDs, Cryp
UPL respects its uptrend !UPL Has formed a beautiful double bottom pattern with its first support off the 200 EMA and second off the long term trendline.
UPL has given a double confluence
1. Rejection candle and respect of the long
term trendline
2. Golden Cross( Crossing of 50EMA and 200EMA)
A long position can be taken on break
of the resistance zone
Risk To Reward of 1:2 or a more riskier approach would be if trendline is broken.
Keep It Simple
