NewSignals and Chart patterns
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Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Chart pattern · weekly candles · Methodology
Other chart patterns: Bull flag · Bear flag · Base breakout · Double bottom · Double top · Weekly base breakout · Weekly double top. Every pattern's rule.
Patterns are detected mechanically on daily and weekly prices adjusted for splits and bonuses. Bullish and bearish are how traders traditionally read each pattern. This is information, not investment advice.
Weekly candles · 14 monthsShaded: the weeks it spans
The rule. Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Every recent weekly double bottom · INTERGLOBE AVIATION's patterns
How to read this chart
BILLIONBRAINS GARAGE VENTURES · GROWW · formed Nov 13
Weekly candles · 9 monthsShaded: the weeks it spans
First low at ₹180 week ending May 15
Rally to ₹221, 23% up. That high is the neckline week ending Jul 17
Second low at ₹178, within 1% of the first week ending Oct 30
A weekly close above the neckline at ₹225 completes the pattern week ending Nov 13
The rule. Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Every recent weekly double bottom · BILLIONBRAINS GARAGE VENTURES's patterns
Weekly candles · 7 monthsShaded: the weeks it spans
First low at ₹769 week ending Jul 10
Rally to ₹907, 18% up. That high is the neckline week ending Aug 14
Second low at ₹787, within 2% of the first week ending Oct 1
A weekly close above the neckline at ₹933 completes the pattern week ending Nov 13
The rule. Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Weekly candles · 10 monthsShaded: the weeks it spans
The rule. Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Every recent weekly double bottom · BANK OF INDIA's patterns
Weekly candles · 6 monthsShaded: the weeks it spans
First low at ₹328 week ending Jul 17
Rally to ₹412, 26% up. That high is the neckline week ending Sep 25
Second low at ₹336, within 2% of the first week ending Oct 30
A weekly close above the neckline at ₹421 completes the pattern week ending Nov 13
The rule. Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Every recent weekly double bottom · PATANJALI FOODS's patterns
Weekly candles · 6 monthsShaded: the weeks it spans
First low at ₹374 week ending Jul 31
Rally to ₹439, 17% up. That high is the neckline week ending Oct 16
Second low at ₹363, within 3% of the first week ending Oct 23
A weekly close above the neckline at ₹476 completes the pattern week ending Nov 13
The rule. Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Every recent weekly double bottom · APOLLO MICRO SYSTEMS's patterns
Weekly candles · 9 monthsShaded: the weeks it spans
First low at ₹480 week ending May 22
Rally to ₹656, 37% up. That high is the neckline week ending Jul 24
Second low at ₹481, within 1% of the first week ending Oct 1
A weekly close above the neckline at ₹733 completes the pattern week ending Nov 13
The rule. Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Every recent weekly double bottom · TANLA PLATFORMS's patterns
Weekly candles · 5 monthsShaded: the weeks it spans
First low at ₹150 week ending Aug 21
Rally to ₹210, 40% up. That high is the neckline week ending Sep 11
Second low at ₹152, within 1% of the first week ending Oct 23
A weekly close above the neckline at ₹234 completes the pattern week ending Nov 13
The rule. Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Every recent weekly double bottom · AMANTA HEALTHCARE's patterns
Weekly candles · 9 monthsShaded: the weeks it spans
First low at ₹1,740 week ending May 15
Rally to ₹2,031, 17% up. That high is the neckline week ending Aug 7
Second low at ₹1,726, within 1% of the first week ending Oct 1
A weekly close above the neckline at ₹2,107 completes the pattern week ending Nov 6
The rule. Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Every recent weekly double bottom · BHARTI AIRTEL's patterns
Weekly candles · 7 monthsShaded: the weeks it spans
First low at ₹960 week ending Jul 3
Rally to ₹1,168, 22% up. That high is the neckline week ending Aug 14
Second low at ₹958, within 1% of the first week ending Oct 1
A weekly close above the neckline at ₹1,181 completes the pattern week ending Nov 6
The rule. Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Weekly candles · 8 monthsShaded: the weeks it spans
First low at ₹10,490 week ending Jun 12
Rally to ₹12,239, 17% up. That high is the neckline week ending Aug 7
Second low at ₹10,430, within 1% of the first week ending Oct 9
A weekly close above the neckline at ₹12,450 completes the pattern week ending Nov 6
The rule. Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Every recent weekly double bottom · ULTRATECH CEMENT's patterns
Weekly candles · 13 monthsShaded: the weeks it spans
The rule. Two weekly lows within 3% of each other, 8 to 40 weeks apart, with a rally of at least 15% between them, then a weekly close above that rally's high within 12 weeks of the second low.
Every recent weekly double bottom · TECH MAHINDRA's patterns