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510
APLApolloTubes
Any dip towards 1950 is a good buying opportunity
Weak below 1900
Upside potential: 2110, 2160 & 2250+
Not a Buy sell Recommendation
DYOR
510
YATHARTH HOSPITAL & TRAUMA CARE SERVICES: Q1 CONS NET PROFIT 470M RUPEES VS 420M (YOY)
YATHARTH HOSPITAL & TRAUMA CARE SERVICES: Q1 REVENUE 3.93B RUPEES VS 2.6B (YOY)
YATHARTH HOSPITAL & TRAUMA CARE SERVICES: Q1 EBITDA 917M RUPEES VS 644M (YOY) || Q1 EBITDA MARGIN 23.35% VS 25.02% (YOY)
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Bajaj Consumer Care
CMP: 528
Good to add till 500
Weak below on daily closing below 480
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V. How to Use Double Top and Double Bottom Patterns in Analysis
Whether you are an active trader, a long-term investor, or somewhere in between, Double Top and Double Bottom patterns can play an important role in your market analysis and trading decisions.
1. Identify and Confirm Trend Reversals
Double Top and Double Bottom patterns can be used to identify when the price stops moving in one direction and begins to move in the opposite direction (a “reversal”). The “neckline” can help confirm whether the reversal has actually occurred.
2. Choose Entry and Exit Points
Technical traders often use price movements breaking through the “neckline” as a signal to enter a new trade or exit an existing position, depending on the direction indicated by the pattern.
3. Determine Stop-Loss Levels
The neckline can also be used to set stop-loss levels. For a long position, the stop-loss can be placed below the neckline; for a short position, it can be placed slightly above the neckline.
4. Estimate Potential Price Targets
For swing traders, the height of the pattern can be measured from the top or bottom level to the neckline. This measurement can help estimate the potential price target after the neckline breakout (also known as the “measured move”).
5. Combine with Other Indicators
To evaluate the strength of the reversal, investors can consider combining this pattern with momentum indicators (such as Chaikin Money Flow) or other volume and momentum tools. To estimate the potential distance of the reversal movement, additional technical indicators can also be considered.
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MARUTI SUZUKI: Q1 SL NET PROFIT 33.52B RUPEES VS 37.1B (YOY); EST 32.64B
MARUTI SUZUKI: Q1 REVENUE 524.56B RUPEES VS 384B (YOY); EST 525.8B
MARUTI SUZUKI: Q1 EBITDA 43.11B RUPEES VS 39.95B (YOY); EST 51.7B || Q1 EBITDA MARGIN 8.22% VS 10.4% (YOY); EST 9.8%
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ITC: Q1 SL NET PROFIT 35.79B RUPEES VS 49B (YOY); EST 40B
ITC: Q1 REVENUE 169.1B RUPEES VS 197B (YOY); EST 173.6B (EXCLUDING EXCISE DUTY)
ITC: Q1 EBITDA 45.14B RUPEES VS 63B (YOY); EST 49.66B || Q1 EBITDA MARGIN 26.70% VS 31.7% (YOY); EST 28.6%
