Is it a double top

Pchartis

Pchartis

Member
#1
#1
All senior members
Is ispat industry forming a double top pattern in daily charts from 15th april to 2nd june. i was tryung to upload file from icharts but unable to do so.
Seniors pls guide as after breakdown (close) below 30 will it heading towards Rs 25.
 
K

knag

Member
#3
#3
It is not a double top.
Double top forms during uptrend not during downtrend. It is a support point.
Chances of small pull back upto 33 is seen.
--knag
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
A need doubletop and double bottom code help AmiBroker 1
amitrandive Double Bottom, Double Top,Triple Top, and Triple Bottom Exploration AmiBroker 6
S Nifty Double Top General Trading & Investing Chat 1
T Trading Tip #9: The Double Stop Reversal Day Trading 1
K Double Top? Technical Analysis 2

Similar threads