Formed a Double top in Bharti Airtel
Entry 356
Stop Loss 335.5
Target 376
, , Double Bottom
, , Double Bottom
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Bullish View
Bearish View
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Hi,
Please review your analysis against the conditions for a double top pattern.
Basically double top is a bearish reversal pattern. But your target and stop loss show it is ‘Long’.
Please check again.
Yes… thanks sir.
Hi,
Conditions were not met…….. Try to find more accurate double top patterns. Refer the attachment screenshot or else Please refer training handout book
The double top has two same highs Or it looks like an “M” shape. Since the stock is unable to make a higher high, this tells us that the bulls are getting tired. The bears may be coming in to drag the stock lower. The Double top has a minimum duration of 20 days and it rarely exceeds 3 or 4 months long. Anything less than 20 days of duration doesn’t act as a double top pattern.