Llyod electric and engineering ltd forming a double bottom formation. Can create a long position.
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Here the duration between bottoms are not significant
It would have been even more convincing if the duration between the two bottoms had been more as it validates the pattern even more stronger.Here it comes between 15 to 20 days and it is recommended in a double bottom that the duration is atleast 30 days minimum.Also, the breakout should have significant volume and here the volume is average.