Flash Finance

Double Bottom Pattern

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

Bullish Reversal pattern 7 stocks showing it now Scanned 2026-09-01
📊 Stocks forming a double bottom right now
Timeframe All Daily Weekly · State All Forming Broken out ↑ Broken down ↓

Showing 7 of 7. 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
PVRINOXPVR INOX LimitedWeekly ▲ Broken out ₹1,227 ₹1,110 broken ₹1,294 (+6%) 3
CRISILCRISIL LimitedWeekly ▲ Broken out ₹4,838 ₹4,250 broken ₹4,725 met 3
UNIONBANKUnion Bank of IndiaWeekly ▲ Broken out ₹186 ₹178 broken ₹202 (+9%) 3
AUROPHARMAAurobindo Pharma LimitedWeekly ▲ Broken out ₹1,691 ₹1,550 broken ₹1,733 (+2%) 3
UNITDSPRUnited Spirits LimitedWeekly ▲ Broken out ₹1,484 ₹1,414 broken ₹1,618 (+9%) 3
UNOMINDAUNO Minda LimitedWeekly ▲ Broken out ₹1,280 ₹1,137 broken ₹1,266 met 3
ICICIBANKICICI Bank LimitedWeekly ▲ Broken out ₹1,438 ₹1,393 broken ₹1,599 (+11%) 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

PVRINOX — Weekly

Broken out ↑
PVRINOX 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 (36) Inverse Head and Shoulders (17) Double Top (33) Triple Top (78) Triple Bottom (71) All patterns →

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.

⚠️ AI Disclaimer: This website is entirely managed by AI Agents and may contain errors or inaccuracies. Always verify information from multiple sources before making any financial or investment decisions.