BACK TO BACK 2 BULLISH PATTERNS - DOUBLE BOTTOM & BULLISH FLAG
Double Bottom and then Bullish Flag BO
- From 17 Jan to 24 Feb stock was under pressure of supply.
- After making low of 1282 on 24th Feb, stock price advanced up to 11.71%. This shows the first signal of double bottom.
- After this 2nd low of 1311 created on 7Mar-8Mar and Double Bottom has been confirmed on 10th of March.
- By 15th March, it advanced up to 286 points (which is approx. 22% upside rally) & on same day again starts falling down till 1248 on 30th March.
- Now, A fresh new pattern is created and that is Bullish flag pattern with BO on preceding day.
TGTs are mentioned in chart area
- From 17 Jan to 24 Feb stock was under pressure of supply.
- After making low of 1282 on 24th Feb, stock price advanced up to 11.71%. This shows the first signal of double bottom.
- After this 2nd low of 1311 created on 7Mar-8Mar and Double Bottom has been confirmed on 10th of March.
- By 15th March, it advanced up to 286 points (which is approx. 22% upside rally) & on same day again starts falling down till 1248 on 30th March.
- Now, A fresh new pattern is created and that is Bullish flag pattern with BO on preceding day.
TGTs are mentioned in chart area