Market & You
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نمایش بیشتر505
مشترکین
اطلاعاتی وجود ندارد24 ساعت
-57 روز
-1230 روز
آرشیو پست ها
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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%
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ZENSAR TECH: Q1 CONS NET PROFIT 1.84B RUPEES VS 2.1B (QOQ)
ZENSAR TECH: Q1 REVENUE 15.1B RUPEES VS 14.5B (QOQ)
ZENSAR TECH: Q1 EBIT 1.92B RUPEES VS 2.1B (QOQ) || Q1 EBIT MARGIN 12.76% VS 14.7% (YOY)
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Zensartech (Weekly) Reversal Candidate
CMP: 525
Good to add till 490
Weak below 475 on daily closing basis
Upside potential: 570, 620 &
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DEEP INDUSTRIES: Q1 CONS NET PROFIT 854M RUPEES VS 588M (YOY)
DEEP INDUSTRIES: Q1 EBITDA 1.1B RUPEES VS 816M (YOY) || Q1 EBITDA MARGIN 38.77% VS 40.9% (YOY)
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TTK PRESTIGE: Q1 CONS NET PROFIT 593M RUPEES VS 266M (YOY)
TTK PRESTIGE: Q1 REVENUE 8.13B RUPEES VS 6.1B (YOY)
TTK PRESTIGE: Q1 EBITDA 816M RUPEES VS 404M (YOY) || Q1 EBITDA MARGIN 10% VS 6.62% (YOY)
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Deepak Ntr
CMP: 1740 Good to add till 1700
Weak below : 1670
Upside potential: 1870-1900
Disclaimer: Holding from lower levels
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POLYCAB INDIA: Q1 CONS NET PROFIT 7.8B RUPEES VS 5.9B (YOY); EST 7.13B
POLYCAB INDIA: Q1 EBITDA 11.36B RUPEES VS 8.58B (YOY); EST 10.6B || Q1 EBITDA MARGIN 13.84% VS 14.52% (YOY); EST 13.4%
POLYCAB INDIA: Q1 REVENUE 82.1B RUPEES VS 59B (YOY); EST 79.02B
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ITC HOTELS: Q1 CONS NET PROFIT 1.8B RUPEES VS 1.33B (YOY)
ITC HOTELS: Q1 REVENUE 9.4B RUPEES VS 8.2B (YOY)
ITC HOTELS: Q1 EBITDA 2.96B RUPEES VS 2.48B (YOY) || Q1 EBITDA MARGIN 31.62% VS 30.5% (YOY)
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Glenmark pharma
CMP: 2225
Good to add till 2150-2180
Weak below : Daily close below 2130
Upside potential: 2380, 2450+
