Double Bottom
Textbook DOUBLE BOTTOM in PNBPNB has crossed very crucial levels in historical price action move.
The stock has been in uptrend as past few weeks and has completed a text book definition of Double Bottom.
It has successfully breached the neck-line and retested it with a daily gains of over 5%.
Stock last traded on such valuations in 2003 and this is a golden chance to build long term positions into this stock.
Traders can also benefit from this move by placing long bets with stop loss below 38.
There is lot of talk abo
Nifty50 - Can we expect a shoot up tomorrow? Double bottom - Can we expect some super good news tomorrow? Will the market shoots up from here?
Global markets are the only concern, big RED in all markets. If some miracle happens our market may shoot up. Opening price will give some more hint on this !!!
Havells long term analysis ! As shown in chart, havells gave good momentum after double bottom formation, and broke descending channel with massive volumes.
Possible targets as per 1w time frame analysis:
1) 1350
2) 1415
NOTE: This Analysis Based On 1 Week Time frame,
Targets May Achieve Within Period Of 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
IDBI Double Bottom + Channel support for Mean reversion - SwingNSE:IDBI Levels already mentioned..
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Note:
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Double Bottom, Swing Trade, ATULThe stock is on an uptrend and had correction for sometime and now back to original trend by forming a reversal pattern on daily chart. Breaking the neckline and closing above that may be the time for entry.
stop loss can be placed according to personal risk management.
NB: This is not a stock recommendation, just sharing my view only.
DMART Positional -W Pattern Breakout & Pullback to Breakout zonePrice has given a W pattern breakout and pullback to breakout/Support zone & 9 Week EMA, can be added at cmp and dips upto 2550 for target arnd 3000, view gets negated below 2450 on weekly closing basis.
On daily time frame price can give a trendline breakout above 2716 levels for initial target 2750.
VIEWS FOR LEARNING PURPOSE ONLY
sunpharma +Month frame = magic of patience I am biased may be so take positions according to own study
on month frame
stock now formed a base at 440/480 area
this will be acting as ROCK SUPPORT in any big fall if comes
the stock seems amazing now on higher frames and is good to get in area
540 to 580 for expected target 640/665 (time required could be upto march ..
above 685 the stock likely to give moves upto 850 (this is my personal feeling that could be due to results ) , am a buyer as long as stock is above 520 level (trading wi
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.























