All observations on chart.
Stock is in bear market for many years. It formed a double bottom pattern, gave breakout with volumes & now there is a strong pullback.
Double bottom is trend reversal pattern preceded by down move. After pattern breakout trend reverses to up-move. Location of pattern is important, such patterns workout superbly when such pattern is formed at long-term supports or a strong support.
In Case of
BHEL Double bottom pattern is formed at multi year supports check below.
Stock is in bear market for many years. It formed a double bottom pattern, gave breakout with volumes & now there is a strong pullback.
Double bottom is trend reversal pattern preceded by down move. After pattern breakout trend reverses to up-move. Location of pattern is important, such patterns workout superbly when such pattern is formed at long-term supports or a strong support.
In Case of
BHEL Double bottom pattern is formed at multi year supports check below.トレード終了: 利益確定目標に到達
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。