Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered advisor. Please consult your financial advisor before making investment decisions.
IREDA – Weekly Double Bottom - Reversal
🎯 Targets
Target 1: ₹183
Target 2: ₹232
Target 3: ₹309
⚖️ Risk-Reward
Entry: ₹155
Stop Loss: ₹140
Risk–Reward Ratio ≈ 1:10+
📌 Summary:
The "W" pattern in the stock market is a technical analysis chart formation that resembles the letter "W" and signals a bullish reversal of a downtrend, indicating increased buyer strength and potential price increases. It is also known as a double bottom and consists of two troughs at roughly the same price level, separated by a higher-low peak, with the pattern confirmed when the price breaks above a resistance level.
IREDA – Weekly Double Bottom - Reversal
🎯 Targets
Target 1: ₹183
Target 2: ₹232
Target 3: ₹309
⚖️ Risk-Reward
Entry: ₹155
Stop Loss: ₹140
Risk–Reward Ratio ≈ 1:10+
📌 Summary:
The "W" pattern in the stock market is a technical analysis chart formation that resembles the letter "W" and signals a bullish reversal of a downtrend, indicating increased buyer strength and potential price increases. It is also known as a double bottom and consists of two troughs at roughly the same price level, separated by a higher-low peak, with the pattern confirmed when the price breaks above a resistance level.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.