Point A and B shows the double bottom of Hdfc bank which takes place at a duration of 20 t0 25 dayes and we can see a volume hike @ point B as the stock reaches @1503.6 ie previous high the stock became bullish and it is the position to take a long position
Sir kindly tell me what should be the stop loss
Hi,
The double bottom works very well when it actually appeared at the end of the downtrend… In this case, the prior trend from Nov to Jan seems to be a sideways movement.