The Double Bottom i.e two equivalent bottom which is identified is marked as A & B and the top between A & B is marked as C. The duration between A & B is 20- 30 days and volume is high, so the Double Bottom is qualified. Entry point is when the price goes above C and the Stop loss is the bottom B and the Target is equal to Stop loss.
THE CONSTRUCTION – DOUBLE BOTTOM [ TATASTEEL – BULLISH TREND ]
