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Double Top or Bottom

Aarti Industries Ltd. (NSE: AARTIIND) - Double Top Formation andOverview: Aarti Industries is currently in a critical zone, showing signs of a potential bearish reversal after forming a “Double Top” pattern near ₹765. The stock is trading at ₹573.80 and is approaching the 61.8% Fibonacci retracement level of ₹568, a key level for traders to watch. Key Technical Indicators: Double Top Pattern: The stock has completed a classic Double Top formation at ₹765, a bearish reversal signal. This pattern needs confirmation, which can occur if the price breaks below ₹568, targeting ₹509.55 as the next support. Fibonacci Retracement: The stock has already tested the 50% retracement level at ₹605.70, failing to hold. The 61.8% retracement at ₹568 is acting as crucial support. If this level is breached, we could see a deeper correction. Volume Spike: A notable increase in selling volume suggests strong bearish sentiment. Watch for continued high volume to confirm a potential breakdown. Potential Scenarios: Bullish : If the stock consolidates and rebounds from ₹568, we could see a retest of the ₹605-₹643 zone, giving a bullish opportunity. Bearish : A break below ₹568 could trigger a sharp decline, with the next target at ₹509.55, aligning with the completion of the Double Top pattern. Conclusion: Traders should closely monitor the ₹568 support zone. A decisive move in either direction will provide a clear trading opportunity. Keep an eye on volume and overall market sentiment for additional confirmation.
NSE:AARTIIND
by AngshumanSaikia
Broadcom (AVGO) – Decision Point Near Major ResistanceBroadcom ( NASDAQ:AVGO ) is approaching a critical level with a potential double bottom pattern in play. The stock is facing strong resistance at $167.50, where both horizontal resistance and the descending tops trendline converge. Breaking through this key zone could lead to a run toward the all-time high of $188.33. On the other hand, support remains firm with rising lows and backing from the 200-day moving average. This keeps the bullish case alive, but we’re likely to see the stock consolidate into a tighter range ahead of the earnings report at the end of the year, which could serve as the catalyst for the next big move. I’m watching for a clean breakout above $167.50 or a retest of the support around the rising trendline for possible entries. Do you think Broadcom can break out before earnings, or is a retracement more likely?
NASDAQ:AVGOLong
by elka_graph
2
Micron Technology (MU) – Potential Double Bottom FormingI'm seeing the early stages of a double bottom pattern forming in Micron's ( NASDAQ:MU ) price action. While the stock remains under the 150-day SMA at $112 , a breakout above the $90 neckline could signal a reversal with an upside target around $140—a potential 55% gain. This setup is still far from confirmed and represents a high-risk trade , but it could be a significant turnaround for Micron. A key factor to watch is Micron's earnings report next week, which could provide the momentum needed for a breakout. Micron has consistently beaten expectations and raised its outlook, so the upcoming earnings might be the catalyst for a major price jump. What are your thoughts on this potential turnaround? Do you see Micron's earnings fueling a breakout? Disclaimer : This idea is for informational purposes only and is not financial advice. I am not a professional, and you should do your own research or consult with a licensed professional before making any investment decisions.
NASDAQ:MULong
by elka_graph
6
OPUSDT → Double top. How far can we fall?BINANCE:OPUSDT cannot get out of the bears' clutches. The market continues to form its movement under the pressure of the downtrend. There are important events ahead that could shake up the trading community.... Bitcoin, as well as the rest of the cryptocurrency market continues to decline. Cryptocurrencies are not reacting to Trump's speech in any way, but traders are waiting for the U.S. rate cut in the hope that the encouraging data (0.5% decrease) will increase interest. But the 0.25% decrease will add weight to the bearish paw, which can only strengthen the already current decline. Technically OPUSDT is forming a global bearish trend, the price is not allowed to update the local highs. The last retest ended with the formation of a double top, which led to a sharp decline. Resistance levels: 1.469, 1.510, 1.544 Support levels: 1.431, 1.393, 1.3 The 1.431 area is holding the market back from falling, but a strong pre-breakdown accumulation is forming near this area with a target to continue falling. Watch out for the 1.430 trigger, a break of this zone will give downward momentum Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:OPUSDT ;) Regards R. Linda!
Short
by RLinda
6
USDCNH - Technical Analysis [Long Setup]🔹 USDCNH Analysis on 1HR chart - The current Trend is Bearish - Bullish divergence is present - If HH is break we will take long position 🔹 Trade Plan - Entry Level = 7.10808 - Stop Loss = 7.09450 - TP1 = 7.12170 - TP2 = 7.13520 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Long
by Bountysoul
2