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GAIL India has seen a breakout of falling resistance trendline. The stock has formed strong bullish candlestick pattern on the daily charts with robust volumes and traded above all key moving averages.
The Double Top is a bearish reversal pattern and forms after the asset (stock, index etc) hits two consecutive peak levels, with a correction in between that two peak levels (sort of 'M' kind of formation).
CADJPY currency pair recently reversed down from the long-term resistance level 110.30 (former yearly high, Double Top from last year) strengthened by the upper weekly Bollinger Band.
Crews were leaving Madison County Thursday to attend to other fires in Virginia.
The options data suggested that 19,800-20,000 will act as a resistance area for the Nifty50, with immediate support at 19,700-19,600 levels