Double Bottom

#INDIACEM - Short-term Doublebottom formation INDIACEM has formed short-term doublebottom on daily chart and looks like is on the verge of breakout along with 50 SMA.

GMR Infra short term view Double bottom break out and oscillators are positive, MACD cut in weekly chart. These indicators may help it to move up further Target: 21.5-21.8 range. Stoploss: 17.90 Vijayaraghavan, Inditrade, Kovilpatti.

by Vijayaraghavan

HDIL View Double bottom formation done. Waiting for breakout at 66.10. MACD cut will happen on coming days. Stoch also moving from oversold region. Target range :62,66. After breakout the double bottom range on upside Target is 74-78

by Vijayaraghavan

#AUROPHARMA - Double bottom near 665 AUROPHARMA has formed double bottom formation on daily chart. Expect bounce back to 715. below 665 is negative for the stock.

#VOLTAS - Double bottom breakout may happen Double bottom breakout seen above 556.5

hindoil explorer looks bullish in medium term double bottom formed after a long downtrend, price broke the neckline and pattern got confirmed, and then price retested the broken neck line and reversed also hidden bullish divergence is seen in weekly. sl - 65 pattern tgt - 108

by ParamjitMahapatro

escorts looks bullish in short term details in chart.

by ParamjitMahapatro

Double Bottom Everything Explained on the chart

ALBK - Head & Shoulder -2nd Innings starts soon above 72.50 -88 1st Innings Head & shoulder breakout + confirmed by double top@73.50 gave the push upside & turned from 77 highs which was shy of 1-2 points from 79-80 -closing last trading day at 71.50 levels. Price has pulled back to the neckline which can give another opportunity to bulls & this time if it surpasses 79-80 zone then it attempts 88-90 zone next. Once it starts moving in your favour, you should keep trailing with profit stops. Trading Plan Likely ALBK can hold into Right Shoulder zone 69-

ujjivan finance looks bullish in short to medium term.double bottom formed after a prior downtrend, broke out with high volume, now retesting. sl - 316, 1st tgt - 370

by ParamjitMahapatro

ALBK -Magical Words-Sim Sim Door opened@66 for 80+ & H&S Pattern We continue with ALBK (Allahabad Bank) as suggested in the previous post that we can plan to buy ALBK if it comes close to 65-66 Zone- Traders should look to buy if it remains above 65 which was our stops downside I have updated previous post twice when it was close to 65-67 Zone - Please say - "khul ja sim sim" the magical door opened & obliged us by holding above 65 -an important level. How this magical word was connected with Technical Analysis. Double Bottom Trendlines Bullish Candlest

Where it will move ???Everything is mentioned on chart... Note: Do your own study before making any position...

Double Bottom KTKBANK Explained in Charts Disclaimer : Purely my view , not a recommendation

ErosMedia : Simplest Ever - Double Bottom Simplest trade setup, Double Bottom & RSI divergence so logically upside.

AmaraRaja Battery : Will you last for 30 points ?!We have a dual setup here in Amaraja, you can either go on higher timeframe to find Double bottom entry, or the channel breakout entry on pullback and aim for trade continuation of Double bottom targets. You can do it either way but what matters is whether your plan allows you to take that kind of risk. If those swings happen as predicted we will be having a range channeling on daily breakout, the only worrisome point is that wick piercing downside bcos we don't know whether its stop hunting or

NATIONALUM double bottom breakout NATIONALUM price action has made a double bottom breakout pattern in weekly chart, at 69 one can accumulate at the 63 to 65 zone for target of 77 and 115 stoploss below 60.