BPCL – DAILY CHART (DOUBLE BOTTOM PATTERN)
In this case double bottom formed at 256 level and neckline is formed at 312 level. But breakout happened on circled candle (see the volume which is more than 5-6 times then normal volume) which was closed @ 329 level.
The height of neckline is 56 point so we can expect the target of neckline + 56 points i.e 329+56 = 385.
It went upto 380 level but not 385 level (but here we must understand that 380 was also a resistance for this stock)
