USDJPY good long candidateUSDJPY SPOT CMP 103.33
Double bottom formation with bullish divergence in RSI
Good to go long in range 103-102.80
View gets neglected below 102.5
upside 104-104.5-105 possible
Good long candidate.....
LongDouble Bottom
Long
Buy Hdfc Life InsuranceBuy Hdfc Life Near 668 to 671 area with stoploss of 648 Target 712
Study : Double bottom Breakout and now stock is trading Near Retesting level...
Long
REDINGTON CAN GIVE GOOD MOMENTUM ABOVE 135 It Formed Double Bottom & 3 Yr Old Trend line Breakout !!
Possible Target : 150
(HOLD ABOVE 135)
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
Long
Long
IOC - On The Verge of long term trend reversalPrice has formed a double bottom formation, close above 96.80 will confirm formation breakout for initial targets 102 and 110 and pattern target 131
DISC: VIEWS FOR LEARNING PURPOSE ONLY
Long
Long
SUNTV : make or break point on 1hr/2hr/1DDisclaimer: This is only for educational purpose.
SunTv near crucial resistance zone. if break it can head towards 550+ zone, whereas RSI shows a long bearish divergence. We can see a small correction before or after breakout or consolidation before a significant move.
TCS ready for Rally ?TCS has formed rounding double bottom, looks like it set to rally if it breaks neck line at 2840
A possible BreakOut in IOCDouble bottom formation in IOC giving a strong signal of possible breakout. If breakout happens it can give some good long position.
Long
Long
Breakout in PNB PNB has given breakout ( double bottom pattern as well as long term trend line) on daily chart . This breakout is supported with huge volume . post breakout, it has tested the support and ready for fresh upmove. Minimum upisde should be about Rs 50
Disclaimer : for education purpose only
Long
GAIL INDIA LTD- W PatternGAIL India Ltd daily chart shows a beautiful W pattern. It is likely to follow the W pattern. The dotted lines shows the probability of the movement. If everything falls in place, it might complete the W pattern. A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. The double bottom looks like the letter "W". Can go long with trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
Long
Suntv - Double BottomSuntv broken neckline of double bottom with volume and rsi above 60 on daily TF. Targets on chart...
Long
HDFCLIFE | Excellent risk reward & Rejection downsideHDFCLIFE | Excellent risk reward & Rejection downside + RSI divergence
CMP : 570
Target : 640
Stop loss : 540
1:7 risk reward setup :D
Long
ILong
Long Tata Consumer 1. Price broke above the downtrend trendline and making higher lows.
2. Double Bottom confirmed as the neckline (494.20) broke with a huge volume.
3. RSI Divergence: Price making lower low but RSI making Higher High (see daily chart, low made on 14 Oct and 21 Oct 2020)
4. RSI in Harmony: Price making higher high but RSI making Higher High (see daily chart, high made on 15 Oct and 27 Oct 2020)
buy only above 510
Target 530/560/580
SL 483
Long
Long
WLong
Education
Education
CIPLA A BUY BASED ON EXLANATION GIVEN IN IDEA POSTPLEASE CLICK THE IDEA TO SEE REASON FOR BUY SIDE SUGGESTION IN SCRIPT
disclaimer - buy @ own risk.
Long
INFRATEL | W Pattern and about to take trend line support (18%) INFRATEL | W Pattern and about to take trend line support. Can see 18%
CMP : 177 (Buy range 173 to 174)
SL : 170
Target : 205
ILong
BULLISH CYPHER & Double BottomNSE:KEI has taken support around the Harmonic PRZ & Trend has reversed.
After a sharp fall, price formed a Double Bottom Pattern & near Breakout.
If it breaks above 350, expecting a 10% up movement
Long