ScannersStrategies

Double Bottom Without Dip

Double Bottom is a bullish reversal chart pattern and is formed when the price hits a low point, then bounces back, only to retest that low again before rising. It looks like a 'W'. This scanner does not consider the peak in between the two valleys. You can watch this webinar to learn more: https://www.youtube.com/watch?v=gCXyll7YfSU

Universe

Nifty 50

Time Frame

1 Day

Conditions

Period min(40, Low(-1) ) lower than Period min(40, Low(-41) ) * 1.02 and Period min(40, Low(-1) ) higher than Period min(40, Low(-41) ) * 0.98 and Period min(40, Low(-41) ) lower than Period min(100, Low(-81) )

stocks

  • NSE

    HDFCBANK

  • NSE

    HDFCLIFE