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I have fixed entry level at Rs 169.40 corresponding to the previous high at point T. Stop loss is at Rs 158.70 corresponding to the previous low at point B1. Target is at Rs 180.10 which is equal to the risk taken. The volume is reasonably good. But the time gap is less than a month which is not ideal.
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | |||||
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Hi,
For double bottom pattern, it consist of two price extremes located approximately on the same level and the duration between the two bottoms should be at least one month.
Thank you. Noted your valuable feedback.
nice charting
Thank you.