Stock is on up trend for past 2 months is seen resting at double top. This level was previous support which was broken, now is acting as resistance. It is a weak level as there is no significant volume. Possible bullish breakout.
, , AMARAJABAT
, , AMARAJABAT
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Hi sir,
Double top is a price pattern and the duration between two tops is 1 month.
Don’t mention the resistance zone as double top as it will confuse, it can be referred as previous higher top.