Found double top around the price of 421 during 12-6-2019 to 30-7-2019. Found high volume in second top.
ICICIPRULI – Double top at 2019
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Stock Analysis
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Bullish View
Bearish View
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Hi,
The Double top pattern is a reversal trading pattern that signals the end of a bullish trend and the start of a new bearish trend. Moreover, the double top appears at the end of an uptrend… In the above chart, the top A is not qualified because the prior trend seems like a range-bound market… To qualify as a reversal pattern, there must be a prior trend to reverse. Additionally, 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.
please find the attached screenshot for your reference