Double Bottom

Nifty 50 Outlook for the Expiry week May 23 – May27 Falcon Analytics Outlook Nifty 50 for the Expiry week ( May 23 – May27 ) As Discussed in Last Weekly Analysis Nifty sold off from major resistance @ 16387 while the major support for the week @ 15560 was not breached. Technically for this week on the daily charts we see major support on the downside for Nifty50 index lies at 15726 levels, whereas major resistance on the upside is capped around 16386 levels. If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15474/15222 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16542/16794. Currently Nifty50 index is trading Below 200 day EMA @ 16783 suggests long term trend is Bearish . Range for the week is seen from 15222 on downside and 16794 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 17046 RESISTANCE 3: 16794 RESISTANCE 2: 16542 RESISTANCE 1: 16386 WEEKLY PIVOT LEVELS: 16134 SUPPORT 1: 15882 SUPPORT 2: 15726 SUPPORT 3: 15474 SUPPORT 4: 15222 All above views for education purpose only. Regards, MD .

#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positional PAYTM After listing stock corrected very much upto 75%. Stock corrected upto 510 levels & it looks strong support and form double bottom pattern. Buy for mid to long term view and add more at 510 levels But keep Strict Stop loss of 495 levels. ---- Note: Above levels are for education purposes only Do your own analysis before taking any trade Please Like & Follow

NIFTY Prediction The nifty prediction Nifty making a W or double bottom patter nee d to watch tomorrow will it hold or Break

ANDHRAPET started moving higher ANDHRA PETROCHEMICALS LTD is ready for uptrend. After been in a downtrend for almost a year, this stock is ready to move up from here on. Recently this stock has formed double bottom pattern and has broken the neckline of the same. Huge volume is clearly seen at the time of breakout. Now that all stocks in this sector are moving higher, this is also ready. Swing traders keep an eye on this stock and can accumulate on pullback

SHAKTIPUMP to revers it's downtrend from strong weekly support.SHAKTIPUMP is has been in a downtrend for a long time. Now it has formed double bottom pattern on its strong weekly horizontal line support. Also is forming a bullish hammer candlestick pattern on weekly support line. This suggest that there is a strong demand for this share around this level. The stock has closed above the neckline of double bottom in hourly chart in the back of huge volume. It clearly shows strong buying interest. Swing traders keep this stock on radar and look to enter in dips. Swing traders may book their profit around downward sloping trendline. If it breaks that line then the stock will surely touch new highs in coming future.

ACCELYA may reverse it's downtrend.ACCELYA Solutions Ltd. A small cap IT company catering to Airlines & Tourism Industry. Toady it came up up with good quarterly results. Stock has been in a short-term downtrend. Now price has reached it's weekly support trendline. Also if we go back to MAY-JUNE 2021, we can see huge volume around this price. In daily time frame stock has formed a pattern similar to double bottom. On hourly chart symmetrical triangle has formed and price is inching towards narrower range. On 15 minute chart in the last trading session, we have seen a buying with volume. Considering all these factors, I believe that smart money is interested in this stock around this level. Long term investors and swing traders can keep this chart on radar.

TNPL - Multibagger Stock #TNPL (Tamil Nadu Newsprint & Papers) #Monthly Chart #Double Bottom (W) Breakout with Volume Confirmation #Buy range 205-220 #Target 311, 393, 462 #Stoploss 180 #Multibagger Stock

TV18BRADDCAST - Multibagger TV18BRDCST (monthly chart) double bottom (w) breakout Buy 70-75 Target 126 & 215 Stoploss 56 Investment stock

#StockMarket #StockIdeas #StocktoWatch #StockToBuy #Shortterm MARUTI SUZUKI Stock on daily chart formed bullish Adam-Eve pattern followed by Double bottom pattern Also give trendline breakout in last trading day & closed above all EMA. Buy above 7950 for Intraday target of 0.6-1% Also further add above 8000 levels for swing targets of 8200/8350 ---- Note: Above levels are for education purposes only Do your own analysis before taking any trade Please Like & Follow

IIFL will reach All-time high levels?IIFL recently broke out from the W pattern(Tripple Top) and retested the same levels within a few days. It bounced back from the previous resistance levels and looks like it's gonna reach the all-time high level which is around 440. Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing. Happy Trading

by jayaprakash99

SBIN double bottom formation/ trend continue posibility.NSE:SBIN showing a formation of double bottom, which can send it back to 520 level as sbin is trending sideays in 504-520 level. target 520 if double bottom is confirmed or else 490-495 is the target if support breaks

by reachtoajinkya

Dual breakout in IIFL !!!! IIFL has given dual breakout from Double bottom and Double top pattern above 360. IIFL has finally given breakout above 360, after two attempts i.e. Double top breakout with buzzing volume. IIFL has also formed Double bottom pattern whose breakout also came above 360 which is a strong bullish sign. Both RSI and MACD is showing strength, RSI breached above 60 and MACD crossover is visible.

#StockMarket #StockIdeas #StocktoWatch #StockToBuy #Shortterm MAX Ventures Looks good, Double bottom pattern formation & Also trendline breakout on daily chart Buy at CMP or above 119 levels for Targets of 125 / 135/ 140 levels Keep SL at 110. ---- Note: Above levels are for education purposes only Do your own analysis before taking any trade Please Like & Follow

Trend reversal in VETUSDT #Crypto Here is a fresh breakout for crypto traders. VeChainThor (VET) has broken neckline of double bottom trend reversal pattern with huge volume and is trading firmly above. Crypto enthusiast can buy VET on pullback, in the price range mentioned on the chart

Breakout in JKTYRE JKTYRE has broken neckline of double bottom pattern which was formed after downtrend. Swing traders may look to enter in this stock if it retraces back to it's neckline.

RATEGAIN forming bullish continuation pattern RATEGAIN is forming a bullish pennant pattern after breaking out from double bottom i.e. trend reversal pattern. Few weeks earlier it rose sharply after breaking double bottom pattern and now this vertical rise can be considered as flag. The stock is now consolidating, volumes are also drying and moving eastside towards apex point of pennant. Intraday traders and Swing traders can keep eyes on this, as it may breakout anytime. Once you see volume picking up, one can enter.

Swing Trade: Daily Time Frame I am not a professional trader, Buy You're own Analysis or own Risk...

Double bottom in Icici bank.ICICI bank has given a breakout from a classic double bottom pattern and the breakout is supported by an upmove which is a good sign. This large cap stock is at a very good price and we can expect an upmove to its previous high in upcoming months.

by anuragsahu614

Looking good for 25%Looks like forming the double bottom pattern. Potentially upside for 25%. We can keep SL for the bottom line

Rallis India : W pattern Rallis India : Keep eyes on it On the verge of W pattern Breakout after a visible Double bottom on charts. Volumes Building up & stock has good Strength.

by moneyfesttrading

SHALBY - Short Term Swing SHALBY Buy-Above 130 Sl-112 T-155 165 180 Short Term To Mid term SHALBY has been in correction phase since last 7 months. On 4th April the stock has given trendline breakout of the whole correction phase. Suggesting some kind of retracement of the down move. Stock has made double bottom and the neckline is also tested. Stock is good in Short term to mid term.

44 MA support + double bottom There is a support from 44 MA and as well as there a double bottom .Stop loss is just below the moving average and the support and resistance area.You can also choose 50 but i prefer 44MA Risk and Reward is 1:2 . Also double comformation is giving by support and resistance area . Trade must go on for one week or so .

#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positional MAS FINANCIAL SERVICE Although Stock is in downtrend, we bet soon Uptrend will start On weekly Chart Inverted Flag pattern can be seen On Daily Chart we can see Double bottom pattern Buy At CMP for positional targets of 650/700-725 levels Keep SL of 480 Mid to long term View ---- Note: Above levels are for education purposes only Do your own analysis before taking any trade Please Like & Follow