CORPBANK- DOUBLE TOP

[Vignesh]

DOUBLE TOP FORMED DURING AN UPTREND CHANGED THE TREND OF THE STOCK,

INTERESTING THING TO NOTE IS THAT THE PRICE TOUCHED THE PEEK ONLY TWICE IN THE FIRST TOP AND ONCE IN THE SECOND TOP.

[Halima.S]

there was a double bottom seen which is the reason for the uptrend

[Vignesh]

Mam,double bottom is a reversal pattern, even before to the double bottom (you sported ), the stock was in a uptrend ( making higher tops and higher  bottom, which made a Equivalent bottom , ) so technically its not in double bottom, so i did not mention it.

but i feel if i didn’t take the best screen short to make you fully understand the situation. i have attached a better screen short. please do take a look and share your views

[Author]

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