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Short

LODHA - Bearish due to forming double Top pattern

71

TECHNICAL INDICATORS -
  • DOUBLE TOP PATTERN formation - LODHA has formed a double top pattern indicating strong downward pressure for the stock

    Double top is characterized by two consecutive peaks on a price chart, with a dip or low between them & subsequent breakout

  • VOLUME SPIKE - snapshot
    the stock has recently shown two large volume spikes indicating strong upcoming momentum for the stock

    Generally volumes increase before a significant price movement

  • SHOOTING STAR candlestick -snapshot
    the stock has formed a shooting star candlestick recently indicating trend reversal for it ie from upward movement to downward movement

    Shooting star is characterized by a small body at bottom and a long upper shadow of a candlestick

  • GAP-DOWN BREAKOUT -

    the stock has broken out of the pattern with a gap-down indicating very strong downward pressure

  • PROFIT TARGET -
    1200

  • STOP LOSS -
    1325

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Also on:
Candlestick AnalysisDouble Top or BottomVolume

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Candlestick AnalysisDouble Top or BottomVolume
peace_lover
My Social Media links :

📥 Telegram - t.me/Sagar_TradeMaster
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.