1.Double bottom formation shows a reversal. When the sellers aren't able to push the price below any further, the formation of lower lows stop and thus it indicates reversal of trend. Target exactly comes at the nearest resistance at Rs. 1500
2. Second indication of a price reversal is the break of trend line.
3. Confirmation of higher highs and higher low formation.
2. Second indication of a price reversal is the break of trend line.
3. Confirmation of higher highs and higher low formation.