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The following is the analysis for the sequences mentioned in the chart.
Seq 1: Two equivalent bottom formed at A(10th Nov) and B(20th Nov) with high volume at Point B. But the duration between A and B is only 10 days and does not qualify for the double bottom.
Seq 2: Two equivalent bottom formed at A(18th Dec) and B(6th Jan) with significant volume at Point C(15th Jan), the duration between A and B is approx 20 day and qualifies for double bottom. Trade Plan: Direction: Bullish, Position: Long, Entry above 268, Stop Loss: 1212,Target: 1328.
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