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A Double bottom is a reversal pattern that is formed after a previous downtrend. In last 5 months the double bottom has made in the Ambuja cements company.
ENTRY @ 315.10. STOPLOSS @ 274.55. TARGET @ 355.65.
I entered because of much higher volume and double bottom.
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Hi,
The duration between the two bottoms should be at least twenty plus candles. It may vary from a few weeks to many months but generally, it takes 1-3 months.