In this Indusind bank stock formed a double bottom with a short -term upside price target of 921.2 there the entry point 852.5 is selected after it breaks the neck line at 846.7.It indicates double bottom is a bullish reversal pattern.The pattern is made up of two consecutive troughs that are roughly equal with a moderate peak inbetween.
Double Bottom-Indusind bank ltd
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Stock Analysis
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Bullish View
Bearish View
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Hi,
The duration between the two bottoms should be at least one month.
It may vary from a few weeks to many months but generally it takes 1-3 months.
Hi Naresh ,
Thank you for clarifying about the time interval ,Also Kindly go through my all other technical analysis and give me your suggestion..