BANKBARODA- Double Top -Bearish
Point A @103.7 on 4th Dec 2019 Point B @104.4 on 2nd jan 2020 Point C @ 95.9 Having high Volume it is Entry Level( i.e Sell) with stop loss 104.4 and Target 87.4
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BANKBARODA- Double Top -Bearish
Point A @103.7 on 4th Dec 2019 Point B @104.4 on 2nd jan 2020 Point C @ 95.9 Having high Volume it is Entry Level( i.e Sell) with stop loss 104.4 and Target 87.4
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,
Good attempt sir…
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.
ok