Multiple Patterns Breakout.Jindal Steel Fut broke above ascending triangle pattern as well as double bottom pattern on an hourly charts with decent OI build up.
Risk:-Rewar = 1:2
Could b bought with mentioned stoploss & target
Doublebottombreakout
Understanding ICT Bullish Mitigation BlockA Bullish ICT Mitigation Block is a concept from Inner Circle Trader (ICT) methodology.
It forms at the end of a bearish trend when the price reaches a strong bullish institutional reference point, such as a bullish order block or breaker block.
Formation: It occurs when the price fails to create a lower low in a bearish trend and instead reverses to shift the market structure to the bullish side.
Identification: Look for a price level where the market attempted to break lower but was halted by significant buying pressure.
Trading Implications: This area can serve as a strong demand level, from which the price can rally further stronger because of short traders exit and long traders enter at the same area.
Multi Time Frame Analysis:
Higher Time Frame - H4
Lower Time Frame - M15
Institutional Framework:
Price Expansion (MMXM Buy Model)
Institutional Reference Points:
Bullish Mitigation
Sell Side Liquidity (SSL)
Bullish Double Bottom Pattern Tutorial: 4/8 Bullish PatternsGive me the description for a bullish double-bottom
A bullish double bottom is a powerful reversal chart pattern that signals the potential end of a downtrend and the beginning of an upward trend. Here’s how it forms:
Two Troughs: The pattern starts with a significant price decline, forming a low (the first bottom). The price then rebounds to create a peak (the middle of the "W" shape) but soon declines again to form a second bottom roughly at the same price level as the first bottom. This double bottom resembles the letter "W."
Neckline: The horizontal line that connects the peak of the middle rebound is called the neckline. This is a key resistance level that the price needs to break through to confirm the pattern.
Breakout: A breakout above the neckline, typically accompanied by increased volume, confirms the double bottom pattern and signals a potential trend reversal from bearish to bullish.
Price Target: The estimated price target for the upward move is usually determined by measuring the distance from the bottoms to the neckline and projecting this distance upwards from the point of breakout.
Traders view the double bottom as a strong indication that the previous downtrend has exhausted and the bulls are gaining control, leading to a potential significant upward movement.
Rama Steel Tubes - Thundering like Rama's Bow
Rama Steel Tubes - The price reached the high of 15.37 on Jan 2023 - Approx 609 days ago. Since then it fell -33% from its ATH and has been painfully going sideways between 10 and 16 forming an upward Parallel Channel - testing the patience of every investor. During mid of 2023, FIIs significantly increased stake in this counter, yet it didn't budge
Today the price Locked itself in 20% UC back-to-back for 2 consecutive days, and stood alone as the lone warrior among majority of Metal related stocks
Here is the Chart of Nifty Metal Index -
Nifty Metal Index fell 0.5% today and has been continually falling -10% since beginning of June 2024
So, why did Rama Steel Blast today despite Majority Metal stocks fell and Index also fell?? The answer lies within the Stock's Chart itself
On the Quarterly chart - the price gave approx. 7,050% returns in 1,036 days. Any investor would be Crazy to expect immediate bounce back after running a marathon like this...
The consolidation started on Jan 2023 and the price fell just a meagre -33% from previous ATH, but to clearly show Bullish Continuation - the price formed an Upward Parallel Channel for nearly 1 year 9 months which is a clear indication to NOT TO WORRY
But many investors don't understand the previous returns of 7000%, and lose patience waiting for just 1.5 years and when the price blasted 20% UC in 2 days many of them booked their profits / exited completely...
How many times have we heard the statement....
"Whenever I invest the price falls....
Whenever I exit the Price Blasts..."
This situation is no exception to this adage, for the primary reason that investors don't understand why they invest and neither understand why they sell off....
Clues:
1. On the Monthly chart, the August candle ended right on Parallel Channel bottom as Support
2. Also, the Aug candle turned to be a Gravestone Doji pattern / inverted Hammer pattern at the bottom which is clear indication of Bullish reversal
3. The long consolidation for more than 1.9 years built enough pressure which got blasted in the past 2 days
This is not a Target, but rather the journey is yet to start. The parallel Channel is yet to be broken and once broken it would hit a Target of 25
But it still won't be a cake-walk, once the Parallel Channel top is tested, the resistance would for 1 last time push the price down to a support of 15.4 and then blast upwards
Keep Holding for multibagger returns. Learn how the market behaves and build your patience and Conviction....
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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Double Bottom Breakout - WINDMACHIN📊 Script: WINDMACHIN
📊 Sector: Capital Goods-Non Electrical Equipment
📊 Industry: Engineering
Key highlights: 💡⚡
📈 Script is giving Double Bottom Breakout on daily chart, we may see some good rally.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 180
🟢 Target 🎯🏆 - 199
⚠️ Stoploss ☠️🚫 - 174
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Double Bottom BreakoutThe stock has broken the neckline of the double top bottom with 2.5x volumes on monthly basis. Buy between retracement of 5120-5170 for a target of 6250/6960
Clean Science - All 4 Sides fully Clean & Green :)Clean Science and Technology is an India-based fine and specialty chemical manufacturing company. The Company is engaged in the business of manufacturing organic and inorganic chemicals. It operates through the Specialty Chemicals segment. This is an Investment / Portfolio Grade stock for long term
After IPO, the price blasted 90% high in short time from 1400 levels to 2700 but then crashed deeply to 1200 levels - falling 54% from the ATH
Now the price has taken a Clean Bullish Reversal and here are 4 different views to look at the 4 sides of Clean Science :)
Top Left: Weekly
Cup and Handle Breakout confirmed on Weekly - above 1552 for Target of 1755 and 1860
Top Right: Weekly
Larger Rounding Bottom Breakout in Progress today - If the Price sustains above 1622 until Friday, then the BO gets confirmed for larger Target of 1998
Bottom Left: Monthly
The Long Term view shows an Amazing Textbook Double Bottom Breakout - done today, if the Price sustains above the 1622 neckline by Friday EOD, then target of Double Bottom is the massive ATH at 2675
Bottom Right: Weekly
The Price broke out of the Falling Parallel Channel on weekly and also completed a Retest and Bounce. Not just an ordinary retest and bounce, but the price followed the Rising 2 Bullish Continuation pattern last week which triggered the blast of 7%+ this week
Once again, this is NOT a Trading Stock - Keep holding for massive 2x-4x returns.
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Double Bottom Breakout - Crossover - ANURAS📊 Script: ANURAS
📊 Sector: Chemicals
📊 Industry: Chemicals
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD and Double Moving Averages are giving crossover .
📈 Right now RSI is around 66.
📈 Script is giving Double Bottom Breakout on daily chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 797
🟢 Target 🎯🏆 - 858
⚠️ Stoploss ☠️🚫 - 767
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Hemisphere turning Double Sphere :)Hemisphere Properties from the Realty Sector is in limelight recently. An interesting Technical pattern is in the making
1. Around 160 levels, the price has formed a Double Bottom pattern on Daily Timeframe and broke out of its neckline as well confirming the pattern
2. Also from 235 down to 160, there is an interesting "Double" Inverted Head and Shoulders pattern formed. The earlier Inv H&S pattern could not breakout, but this time, the price decisively broke out of the neckline above 220 levels and today it is blasting over 4.5%
Just the name is "Semi", but all Pattern are "Double" to get you blasting returns :)
If the price is able to sustain above 233 by end of day (July 15), then targets are 265, 325
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Double Bottom Neckline Breakout - POLYPLEX📊 Script: POLYPLEX
📊 Sector: Packaging
📊 Industry: Packaging
Key highlights: 💡⚡
📈 Script is giving breakout of Double Bottom Neckline on daily chart.
📈 Script is trading at upper band of BB and giving breakout of it.
📈 Already Crossover in Double Moving Averages and MACD.
📈 Right now RSI is around 72.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 995
🟢 Target 🎯🏆 - 1100
⚠️ Stoploss ☠️🚫 - 952
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Symphony: Double bottom breakoutNSE:SYMPHONY has confirmed a breakout from the double bottom pattern. The breakout candle solidifies this move. The target is calculated by adding the height from the bottom to the neckline. Maintain a stop loss just below the neckline to manage risk effectively and protect against potential reversals.
Double Bottom Breakout - Keep An Eye - SCI📊 Script: SCI
📊 Sector: Shipping
📊 Industry: Shipping
Key highlights: 💡⚡
📈 Script is going to give breakout of Double Bottom on daily chart keep an eye on stock, breakout is above 235.
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 61.
📈 One can go for Swing Trade.
BUY ONLY ABOVE 235
⏱️ C.M.P 📑💰- 232
🟢 Target 🎯🏆 - 254
⚠️ Stoploss ☠️🚫 - 223
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
"M" is the new "W" - Double Decker MOIL"M"OIL - on Monthly Timeframe has formed a Flawless "W" - Double Bottom Pattern
The Multi-Year (14 years) pattern was finally broken out last month and right away the price blasted over 45% in 1 month forming a Super Strong Bullish Engulfing Candle on Monthly. 2 Targets were given earlier - 370, 507
Today - MOIL Blasted 20% UC moving past 2nd Target of 507 - ending strong at 524
Between Jan to Mar - price Retested the Double Bottom BO zone by retracing Fib 0.5 levels and the bouncing. This now has given an Additional FIB Target of 630
Our Entry was at 344 levels clocking 52% gains so far. When we reach 630, it would be 84% approx
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Vedanta - The Multi x 4 stockVedanta has always been in the News for multiple factors - both Positive and Negative
Though Metal Stocks are Cyclical, it has come back into Focus at right time. While Nifty Metal index has broken out and all Metal stocks are in limelight now, here are some critical factors that make Vedanta one of the Best among Metal Picks
Multi-Year Box Breakout :
16 Year long Breakout pending above 485 and this opportunity comes at right time when China looks weak and Indian Metal stocks are in focus.
Multi- Bagger Pick :
Above 485 WCB, Target is a Whopping 910++ Almost 2x to 3x from CMP. Usually when stocks BO after so long, they usually rally much higher than the pattern target so, expect close to 1200++
Multi-Demerger Stock :
Vedanta has informed in Sep 2023 that it would split into 6 separate listed entities
Vedanta Aluminium
Vedanta Oil & Gas
Vedanta Power
Vedanta Steel and Ferrous Materials
Vedanta Base Metals
Vedanta Limited
And Investors would get free stocks of all 6 entities which over next few years will become Multibaggers
Double Bottom Breakout :
On Monthly price has formed a Double Bottom BO for Target of 485. This will take it to the BO ZONE of Multi Year Box Pattern. So double confirmation of fast upward rally
Celo (cgldusd) Weekly chart indicates the double bottom breakout. . .has been validated. Now jsut waiting for price action to head to the full double bottom breakout target. In the current price zone, a mild correction before reaching the full target wouldn’t surprise me. In doing so it would help it create an inverse head and shoulders for its follow up bull pattern. Also a chance it just skips the correction and heads straight to the full target first. Either way I expect the target to be hit. *not financial advice*
Double Bottom Breakout - VAIBHAVGBL📊 Script: VAIBHAVGBL
📊 Sector: Diamond, Gems and Jewellery
📊 Industry: Diamond Cutting / Jewellery
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it .
📈 Script is giving Double Bottom Breakout we may see some good rally.
📈 Already crossover in MACD.
📈 Double Moving Averages are giving crossover.
📈 Script may give some profit booking initially because today stock was up by almost 7.50%.
📈 Right now RSI is around 58.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 407
🟢 Target 🎯🏆 - 447
⚠️ Stoploss ☠️🚫 - 389
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Hindustan Copper - Is it Really Copper or is it Gold ???Multi-Timeframe Analysis on Hindustan Copper
Short Term View: Daily
Double Bottom BO done @ Daily timeframe for Target of 350. Just needs to sustain above 290 WCB. On the way, watchout for immediate resistances at 302, 310, 330
Medium Term View: Weekly
Flag Pattern BO confirmed on Weekly timeframe. At the same time, it is facing resistance from previous High of 302. Sustaining above 303 WCB will take the price to 390
Long Term View: Monthly / 3Months
Its an amazing Multi-year Inverted Head & Shoulder pattern BO on Monthly / 3 Months scale. 14 years BO since 2010. Target 615 perfectly intact
Enjoy the Multi-bagger ride of Hindustan Copper....
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Digibyte has hit the first to 2 targets onto the next 2!Digibyte is finally awakening from hibernation. As ong as it maintains the teal neckline as support we will hit the dotted green measured move lines target and the dotted teal measured move line’s target in the very near future. *not financial dvice*
Double Bottom Neckline Breakout Soon - PIIND📊 Script: PIIND
📊 Sector: Chemicals
📊 Industry: Chemicals
Key highlights: 💡⚡
📈 Script is trading near neckline of Double bottom patter, we may see breakout of it.
📈 Breakout is above 3891 level.
📈 One can go for Swing Trade only candle closing above 3891 level.
BUY ABOVE ONLY - 3891
⏱️ C.M.P 📑💰- 3867
🟢 Target 🎯🏆 - 4076
⚠️ Stoploss ☠️🚫 - 3763
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
PRAJIND : FOLLOW UP ANALYSISNSE:PRAJIND has finally given a breakout above the neckline. At the end of the day we can see the confirmation if the candle closes above the neckline. We already have the target and stop loss mentioned.
Total 2 heading towards double bottom breakout target. We can see the total2 chart’s price action has already reached the full target of the purple symmetrical triangle breakout. In doing so it also went above the yellow double bottom neckline and now is quickly making its way to hitting that full target as well. That full target is a 988 billion. In the meantime it appears like we may see a weekly golden cross soon. Take a look back at the previous weekly golden cross and you will see that if history repeats a true alt coin season will be melting faces in the near future. *not financial advice*
DOUBLE BOTTOM :BANK NIFTYAdam and Adam Double Bottom Formation: This formation typically indicates a reversal pattern, characterized by two sharp V-shaped bottoms. It reflects a strong rejection of lower prices and often precedes a bullish trend reversal.
Breakout Confirmation: Yesterday's NSE:BANKNIFTY breakout above the neckline adds confirmation to the bullish bias. The candle closing above the neckline reinforces the validity of the pattern.
Target Projection: To estimate a target, measure the distance from the lowest low of the double bottom to the neckline. Then, add this distance to the breakout point. This projected distance can serve as a potential target level.
Stop-loss Placement: A stop-loss can be placed below the recent swing low or the lowest point of the double bottom formation. This level acts as a safety net in case the pattern fails to materialize, limiting potential losses.
Risk Management: Considering the possibility of a "huge downfall" in case of failure, it's crucial to implement proper risk management strategies. This includes setting a stop-loss at a level that aligns with your risk tolerance and position size.
Ramp Walk REMO stealing the show - Arvind FashionsArvind Fashions is doing Bold Ramp Walk :)
On Weekly - we see Double Bottom Pattern, Followed by Flag Pole - All Breakouts powerful and successful and heading to defined targets steadily
Target 1 - 517 (Reached)
Target 2 - 531
Target 3 - 640
Target 4 - 700
Target 5 - 780
As part of the Budget there is incentives for Textile industry and we expect strong upside on many Textile Stocks and Arvind Fashions on Technical Chart is having a Powerful structure to grow much higher
Keep Holding your Winners
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
