Bajaj Auto trend formed a Double Top. It has two equal price tops with a duration of 1 month time frame. Also at the second top, the volume is more than the average volume. Since it is a signal for Bullish reversal, SHORT position can be created after the price crosses the neck area. The stop loss can be from neck to the top. The target can be the same amount as Risk.
Bajaj Auto_Double Top_Bullish Reversal
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Stock Analysis
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Bullish View
Bearish View
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Hi,
Good try sir….. for more accurate double top patterns. Refer the attachment screenshot
Pic
Thanks Naresh for sharing the screen shot and comment.
Regards,
Ramesh