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Tagged: bullish, Double Bottom, drreddy
Two equivalent bottoms are formed (A and B)
Volume is high at at point B
Duration is more than twenty days
long position can be created above point C
Trade plan : stock name – Drreddy, directon – bullish, trade – long position ,entry 3360, sl 3010,target 3710
Respected mam,
volume should be high at point b or c but here the volume is high before the point b so you can’t qualify as a double bottom.
ya, you are right
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