Showing posts with label double top. Show all posts
Showing posts with label double top. Show all posts

Apex Frozen double top

Bearish outlook in Apex frozen Target 480



TVS motors bearish

TVS motors giving bearish signal with double top. The target of 110 is given for this stock.


ITC reversal with multiple tops.

ITC have made mutlitple tops at 180 and now have broken the trendline. Reversal target of 145 can be placed.

Answering the request

I got the request to check out these 3 charts from one of the follower of my charts

Double top in Tata Motors

Tata motors have shown double top pattern
giving 850 as a tough resistance.

Neyvelli Lignite double top at 68

Neyvelli lignite is not showing much improvement in the On Balance Volume. While It has made the double tops at the 68 level as can be clearly seen from the attached chart. Further up move might be only confirmed after we see breaking of 68 level.
I was having position in this stock hence was monitoring it. Now I have squared off the position after looking at this picture.

Reliance migh be doing double top


Reliance might be upto doing the double top (reversal pattern) after the long run-up while it is yet to be proven one have to keep a cautious view on this one.
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