Double bottom breakout and retest : LindeIndia

8 Tem

After High of 9500 levels
Linde India corrected till 5500 levels

Nr 5500 we can see there is double bottom formation.

After breakout of neckline at 6500 it retested this neckline and is now ready for next bout of rally.

We can also see that 6500 level is also 20week SMA acting as support.

Tentative target and stoploss levels are marked on the chart.

10 Tem

Not

Opportunity to add near SL levels is possible to reduce risk.