Chart Patterns

rkgoyal_98

Well-Known Member
#1
Hi Friends and Seniors

I am enclosing here with a chart of MCDOWEL ( United Brew.). I have Noticed Double Top on the chart. Can seniors pls comment on the target and what care should be taken ( SL) if trade is o be entered.
Rajeev
 
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soumya_b

Active Member
#2
hi Rajeev,

the DT will be confirmed only when the price will close below the valley between the two peaks.
after the downward breakout the target will be 600 to 550.

thanx
 

rkgoyal_98

Well-Known Member
#3
Mcdowel - Double top and Double bottom

Double top did not gave the break down side. Now MCdowell has risen again and reached the hight of tops. There is also some indicaions that volume increases while rise. Seniors pls guide on the strtegy for trading this stock and what can be the target.

Thanks

Rajeev
 
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