TTK Prestige

TTK Prestige has formed double top pattern at 3940 but the confirmation will come only after the stock closes below 3126 ,once the stock closes below 3126 for couple of sessions then the stock could go down to 2650  >> 2310 .

Update : Siemens

Double Top target given in this post reached.

Update : Dow

Double Top target given in this post reached.

DOW : Double Top

Dow has formed double top at 13339 and now if it breaks 12729 levels with good volumes then it could target 12155.

Siemens : Double Top

The stock made double top at 840 levels and today it broke down below 745 with good volumes so the stock could now target 650.

Nifty : Double Top or a Freak trade

Even though TV channel said that there was a freak trade which lead to sudden fall in nifty but to me it looked like a perfect double top pattern.

Update : Nifty Double Top

Double Top target given in last post reached today.

Nifty : Double Top

Nifty made a double top @ 4840 and 4819 on hourly chart and confirmed it by closing below 4680, it could now target 4540-4530.

Reliance

Reliance made a double top at 860 level and now it has confirmed the same on good volume so now the stock could see 740 level.

Update : M&M

M&M target given in this post reached today.

M&M : Double Top

M&M formed double top at 800 and is trading below 722 so now it could target 650.

Nifty :Double Top

Nifty made a double top at 6073-6071 ,now it could target 5910-5920.
******************************************************************************
Update EOD 30/09/10
Pattern Failed .

US Market : S&P500

S&P 500 has formed double top at 1103-1105 and it could now target 1035.

World Market : CAC

French CAC 40 Index confirmed double top at 4088 by closing below 3564, it could now target 3050

Update : Double Top in Nifty

Target almost reached today as nifty made low of 4692.

Nifty : Double Top

Nifty has formed double top at 4948, if 4815 is broken with volumes , nifty could target 4680.

Nifty:Double Top

Nifty confirmed the double top formation by closing below5052, now it could target 4925-4935 level but nifty has a trendline support at 5000 (chart below).

Nifty

Double top formed in nifty ,now nifty could target 4540.

Intraday post

Nifty made a double top at 4715, if 4647 is broken with volumes nifty could target 4580.

Intraday post

Inverse head and shoulder in nifty with target of 4376 and pattern invalidates on move below 4320.
********************************************************************************
Pattern invalidates.
********************************************************************************

Double top with target of 4248.
********************************************************************************
Target reached.