⚠ NOT AN INVESTMENT ADVICE ⚠ Learning chart patterns, please let me know if I made any mistakes. A double bottom pattern + triangle pattern break with good volumes. Entry - 133 Target - 148 Stop-loss - 126
I have been long in Tata Power since Rs. 51, last year. It's a good company, fundamentally and on technical charts. But this is a symmetrical triangle, not a double bottom in any way. Double bottom forms at the bottom as the name suggests. double bottom/top is a reversal pattern, it would have been bad and bearish if it was a double top. Still, keep doing it. Not bad for the first time. :)
AMMOy
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@ashoksingh774, noted, I forgot about the trend reversal point, thank you 👍🏻
Equity_OptionTrader
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Nice Try. Stock is consolidating after C&H BO. Levels are perfect!