CEAT LTDشراء
Understanding the Double Bottom
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
It solely depends on the individual on the interpretation of double bottom. Few consider and enter the trade after "W" formation while a few get in after the 2nd low formation based on the candle formation and volume confirmation. Moreover the pattern is forming at a strong support level and favorable risk:reward ratio.
One can have a stop loss at 1200.
Financials:
Assets on balance sheet consistently improving with a significant growth rate.
Cash flow from Operating activity: Increasing by leaps and bounds and is at highest of all time
In terms of operating efficiency: Negative cash conversion cycle and negative working capital days
Operating Profit Margin improving; Company has reduced debt;
DII,FII,Promoter: reduced their stake in the last financial year
#TradeTheTrend#FundamentalPick#TechnicalPick
It solely depends on the individual on the interpretation of double bottom. Few consider and enter the trade after "W" formation while a few get in after the 2nd low formation based on the candle formation and volume confirmation. Moreover the pattern is forming at a strong support level and favorable risk:reward ratio.
One can have a stop loss at 1200.
Financials:
Assets on balance sheet consistently improving with a significant growth rate.
Cash flow from Operating activity: Increasing by leaps and bounds and is at highest of all time
In terms of operating efficiency: Negative cash conversion cycle and negative working capital days
Operating Profit Margin improving; Company has reduced debt;
DII,FII,Promoter: reduced their stake in the last financial year
#TradeTheTrend#FundamentalPick#TechnicalPick
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.