Double Bottom Pattern

Two successful defences of the same low, separated by a rally — the classic W.

Bullish Reversal pattern 10 stocks showing it now Scanned 2026-10-16

📊 Stocks forming a double bottom right now

Timeframe All Daily Weekly · State All Forming Broken out ↑ Broken down ↓

Showing 10 of 10. Trigger is the price a daily close must clear for the pattern to complete; Target is the measured move it projects, marked ≈ while the break has not happened yet.

Stock	TF	State	CMP	Trigger	Away	Target	Touches
APLLTDAlembic Pharmaceuticals Limited	Weekly	Bullish	₹789.45	₹876.40	11.0%	≈₹981.80 (+24%)	3
CIPLACipla Limited	Weekly	Bullish	₹1,325.10	₹1,491.20	12.5%	≈₹1,707.70 (+29%)	3
MARICOMarico Limited	Weekly	Bullish	₹785.00	₹889.10	13.3%	≈₹1,017.60 (+30%)	3
HEROMOTOCOHero MotoCorp Limited	Weekly	Bullish	₹5,225.00	₹5,937.00	13.6%	≈₹7,202.50 (+38%)	3
ONGCOil & Natural Gas Corporation Limited	Weekly	Bullish	₹222.00	₹254.20	14.5%	≈₹289.87 (+31%)	3
GRASIMGrasim Industries Limited	Weekly	Bullish	₹2,920.00	₹3,411.10	16.8%	≈₹3,978.80 (+36%)	3
MINDACORPMinda Corporation Limited	Weekly	Bullish	₹649.85	₹769.00	18.3%	≈₹909.00 (+40%)	3
BAJAJFINSVBajaj Finserv Limited	Weekly	Bullish	₹1,729.00	₹2,118.50	22.5%	≈₹2,537.00 (+47%)	3
ASHOKLEYAshok Leyland Limited	Weekly	Bullish	₹148.91	₹182.70	22.7%	≈₹221.90 (+49%)	3
INDUSINDBKIndusInd Bank Limited	Weekly	Bullish	₹877.00	₹1,077.85	22.9%	≈₹1,310.00 (+49%)	3

📖 What a double bottom is

Price makes a low, bounces, comes back to almost the same low and holds. The high between the two lows is the neckline.

Why it forms

The level has now been proven twice. Sellers who wanted out have been absorbed, and buyers who missed the first bounce chase the second.

🎯 Trigger

A close above the neckline — the high between the two lows.

📏 Target

Measure from the lows up to the neckline and project that distance above the neckline.

🛑 Invalidation

A close below the twin lows.

🖼 Example on a live chart

APLLTD — Weekly

Forming

APLLTD double bottom pattern on weekly candles, with the pattern boundaries and breakout level drawn

The shaded band is the formation. On tops and bottoms the indigo line traces the shape itself — up into the left shoulder, over the head, and away from the right — and the dashed line is the neckline it has to break; on triangles, wedges and channels the two solid boundaries are the pattern. Triangle markers are the swing highs and lows those lines were fitted through, and the dash-dot line is the measured-move target once the pattern has broken.

❓ Double Bottom FAQ

Is a double bottom bullish?

Yes, it is a bullish reversal pattern — but it is not complete until price closes above the neckline. Buying the second low before that is anticipating, not confirming.

What is the difference between a double bottom and a triple bottom?

The number of tests: two versus three. A triple bottom means the level has held one more time, which some traders read as stronger support and others as a level being worn down.

How long does a double bottom take?

Usually weeks to months on a daily chart. The two lows need enough separation that the second is a genuine retest rather than part of the same washout.

↔ Related formations

Head and Shoulders (26) Inverse Head and Shoulders (5) Double Top (40) Triple Top (55) Triple Bottom (31) All patterns →

📚 Today's chart books (PDF)

About the chart books →

Daily Chart Pattern Book 100 annotated charts across 17 pattern types, 15 breakouts and breakdowns 16 Oct 2026 close · 54 pages · 9.2 MB Open PDF F&O Chart Pattern Book 100 F&O stocks · 15 pattern types · 21 breaks (1 up, 20 down) 16 Oct 2026 close · 54 pages · 9.3 MB Open PDF Chart Pattern Research Book 100 stocks, one per page, each with its last 3 high-impact NSE announcements 16 Oct 2026 close · 104 pages · 9.6 MB Open PDF Trendline Touches 25 falling trendlines from the top (resistance) · 25 rising trendlines from the bottom (support) 16 Oct 2026 close · 55 pages · 4.6 MB Open PDF Channel Tests 25 testing the lower channel line (support) · 25 testing the upper line (resistance) 16 Oct 2026 close · 55 pages · 5.1 MB Open PDF Change of Polarity 19 stocks where old resistance is being retested as support 16 Oct 2026 close · 24 pages · 2.0 MB Open PDF

Educational only. Prepared with AI assistance and reviewed by our editors; still check prices and levels yourself. Not investment advice.

How these are found: swing highs and lows are picked out with a percentage ZigZag on daily and weekly candles, and the boundaries are line-fitted through those swings. A formation is only published when the fit is tight, the boundaries are actually touched several times, and the price action stays inside them. The most recent swing is provisional, so a forming pattern can still change shape on the next candle, and patterns whose break already played out are dropped rather than shown as fresh. Levels and targets are the textbook measured moves, not forecasts. This is auto-generated market data, not investment advice.