FNO MASTER

DOUBLE TOP PATTERN A double top is a bearish reversal pattern that is very commonly used by the intraday or positional traders. This pattern resembles the letter ‘M’. In this pattern, the price of the stock forms a peak at the resistance level and retrace back to the level of support. After reaching support level, it bounces back to the resistance level and forms a peak. It once again reaches the level of support. Here, at this support level, it breaks the level into the downtrend.     How to identify Double Top Pattern? Generally, this pattern can be found in the uptrend. The first top is formed in the shape of inverted ‘U’ or ‘V’ symbols.  Second top is also formed in the same shape. Most importantly, both the tops have almost same height. We can confirm the formation of this pattern when the price breaks through at support level and continue moving downwards. The Volume also rises high during the process of break the support level.   Setting Stop Loss & ...

  HEAD AND SHOULDER PATTERN   This is a trend reversal pattern. This can be a bullish or bearish trend reversal pattern depending upon the prior trend. Generally, this pattern is formed after the uptrend. This pattern includes left and right shoulders with a head that are connected together by a horizontal line. Both these shoulders are either equal or slightly small in size to each other. This pattern gives the trend reversal signal after breaking from the horizontal line.  Usually the price breaks at the horizontal line with high volume. Even after the break down, it will come for retest the horizontal line and further moves down. It shows the confirmation of the trend reversal. At this point, we can take trade sufficient target.  Target Price:  This is the one of the popular patterns because one can estimate the price target after the break down from the horizontal line. The minimum target is the vertical distance from the head to the horizontal line after th...