Double Bottom

Jain Irrigation Double Bottom Setup Go long if the setup forms successfully. Great targets and Risk/Reward. Plus, fundamentally strong company, aggressive expansion, good monsoon forecast will also benefit leading to the formation this setup. Good Volumes.

by HarshShivlani

Nifty : Odds in favor of Shorts...Well, atleast I believe so. Probably the retest of trendline around 9430's to 9450's zone then Nifty will move down further to 9350's zone, but may happen today or 2mrw . Moreover, I'm expecting that double bottom to be failure one, bcos of bearish sentiment... chill..chill...relax.. Bearish sentiment on very short timeframe. We can wait for further push up by Nifty to upside and on Bearish confirmation, take shorts aiming for first targets around 9400's & further down on break of support at 9400's. But, what if Nifty didn't retest the trendline ? Well, very simple : No Trades for the Day. Look for someother potential setup then, which is in your trade plan... probably we may get another setup on break of support, so always wait for Nifty to give you the trade setup. Even if it goes down by 100points we won't take the trade if that doesn't suit our Plan,No chasing - Moral of the Story ! Happy Trading :)

BSwing : Vedanta, will you go as planned ?!i) Enter only on Bullish confirmation in the zone, else trade is invalidated, Not blind buy ii) Either Book Partial profits or trial stops after 245's zone iii) Its 4 hrs, so patience is the Game

Auro Pharma - At Support Double Bottom on Daily chart . RSI at 31.45 Near long term support. Buy for target of 675 Stop loss below 600

Infratel Long Double bottom Action/Reaction Trade The pattern is simple and clear so doesn't require much details. After breakout it is retesting from the above which could be an opportunity to go long with small stop loss. It has also broken the down sloping trendline.channel and trading above it convincingly another confirmation for a trend reversal. One can look a target of 357 - 370.

by praveen.bhatiya

Voltas double bottom - go long target 401 SL 380 Voltas has formed double bottom and has crossed the neckline and is about to complete the double bottom with a target of 401-403. Bottom 1 : 18-Nov-2016 Bottom 2: 27-Dec-2016

Double Bottom Reversal BlueDart The stock has given classical double bottom breakout that too with divergence. The simple pattern offers a long trade in stock by providing suitable stop loss. Prices can easily climb to 5300 in coming days.

by praveen.bhatiya

Its raining Double bottom's - Heidelberg cement After Nifty and Titan completing successful double bottom's as per my earlier post's , it seems to be Heidelberg Cement's turn to follow suit. Perfect double bottom pattern formation although still not confirmed on closing basis. It made a high above the peak of 123.45 . RSI & MACD both showing postive divergence on daily charts make this stock to be put on radar tomorrow. Target price : 139 Stop loss : 112

by Himanshu_Khiara

Double Bottom Breakout Siemens!The stock has broke double bottom neckline thus it seems it has formed the base and wants to go up. One can buy it here or on dips for a target of 1240. Simple patterns works mostly.

by praveen.bhatiya

Bullish weekly divergence! Screaming BUy!Well Infy has now made a double bottom on the weekly charts with lower lows on RSI and MACD-H. On the daily Chart also it has given a BUllish Divergence. So guys Load Up on Longs ONce 950 crosses 980-1000 will come in no time..I expect good move in Infy tomorrow and the coming week.

Double bottom setup stock has very sharp move upside.so we can increase Position size with minimal SL of 54. Or reduced Position size with SL 45. choice is yours.

by AvinashGaikwad

Titan confirms Double bottom - Reversal of downtrend As we see Titan confirmed Double Bottom pattern by closing above 325 level. Also there is positive divergence in RSI & MACD histogram indicators at the two bottom levels namely at 303 & 308 confirming the reversal of downtrend. On balance volume also rising. It achieved target price of 350 levels as per double bottom pattern calculation. Next Target price is 375 . Lets see what the pattern unfolds in days ahead

by Himanshu_Khiara

Nifty confirms double bottom - but is it enough ?confirmed Double bottom formation as it broke above 8274 levels on Intraday basis. . It is currently facing resistance at 8290 levels which is the downward trendline resistance. A close above 8300 would be a positive sign for the Index Also note , MACD histogram and RSI indicators are showing postive divergence which is a Bullish sign. Any break above 8300 would attract high volume buying in the future index . Analysis is done on NSE spot index. Target price would be 8500 in the futures market

by Himanshu_Khiara

Next Long Entry for Nifty Since Nifty has formed a double bottom and trading above it we can conclude that downfall has been arrested and it is in the mood of going up. Point is where is the next entry for long? I would watch the area around 8240 - 8260 for price action at that level.

by praveen.bhatiya

ITC double bottom - go long target 257 stop loss 215 ITC has formed double bottom . Bottom 1 : 222 @ 24-Nov-2016. Bottom 2 : 222 @ 26-Dec-2016. Go long with a stop loss of 215 and a traget of 257. Expected timeline for traget : 13-jan-2017 to 16-jan-2017.

Double bottom - ITC , go long , Target 257 , stop loss 215 ITC has formed double bottom. First bottom: 24-Nov-2016 Second bottom: 26-Dec-2016. Expected target : 257 Stop loss: 215