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praveen.bhatiya

Double Bottome Reversal !

Long
praveen.bhatiya Updated   
NSE:HDFC   None
Support and Resistance Supply and Demand Double Top or Bottom Double Bottom Relative Strength Index (RSI) HDFC NIFTY
2
0
supportandresistance supplyanddemand doubletoporbottom doublebottom relativestrengthindex hdfc nifty
Nicely formed double bottom pattern gave breakout and and trading decisively above the neckline. One can buy the stock now for a double bottom pattern target of approx 1900. which offers a reasonable Risk to Reward trade. RSI above 50 is also confirming the trade.
Entry 1810
SL 1770
Target 1880 - 1900

Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade closed: target reached

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