NIFTY - Double Bottom at 3, 5, 10, 15min chart

Today, for the first time, I took a trade based on the 3-minute Nifty chart. Nifty was forming a Double Bottom pattern on the 3, 5, and 10-minute charts. The RSI divergence served as my alert point. After verifying the other rules, I identified it as a viable trade. I exited with a 1:1 profit. I plan to conduct more forward testing during market hours.

You may check the 10-minute chart where a Hammer Candle appears at the second bottom. Unfortunately, the free version of TradingView doesn’t allow me to check charts at the 10-minute time frame, so I cannot share that.

Price action is superb. Learning is really important before earning.

For learning and educational purposes only.