Double Top Pattern

Two failed attempts at the same high, separated by a dip — the classic M.

Bearish Reversal pattern 9 stocks showing it now Scanned 2026-10-16

📊 Stocks forming a double top right now

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

Showing 9 of 9. 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
DMARTAvenue Supermarts Limited	Daily	▼ Broken down	₹3,342.00	₹3,650.00	broken	₹3,364.50 met	3
POWERGRIDPower Grid Corporation of India Limited	Daily	▼ Broken down	₹250.45	₹261.70	broken	₹247.45 (-1%)	3
EXIDEINDExide Industries Limited	Daily	▼ Broken down	₹370.95	₹405.10	broken	₹352.30 (-5%)	3
TITANTitan Company Limited	Daily	▼ Broken down	₹4,444.80	₹4,886.20	broken	₹4,585.70 met	3
SUNPHARMASun Pharmaceutical Industries Limited	Daily	▼ Broken down	₹1,758.80	₹1,868.30	broken	₹1,689.70 (-4%)	3
INDIAMARTIndiamart Intermesh Limited	Daily	Bearish	₹1,627.20	₹1,624.10	0.2%	≈₹1,423.20 (-13%)	3
INDIGRIDIndiGrid Infrastructure Trust	Daily	Bearish	₹169.23	₹168.50	0.4%	≈₹156.10 (-8%)	3
FEDERALBNKThe Federal Bank Limited	Daily	Bearish	₹338.00	₹313.75	7.2%	≈₹270.55 (-20%)	3
IRBINVITIRB InvIT Fund	Daily	Bearish	₹63.81	₹57.05	10.6%	≈₹48.85 (-23%)	3

📖 What a double top is

Price makes a high, pulls back, rallies to almost exactly the same high and fails again. The low between the two peaks is the neckline.

Why it forms

The second failure tells everyone who bought the first peak that the price is not going through. Their exit is what breaks the neckline.

🎯 Trigger

A close below the neckline — the low between the two peaks. Until that happens it is just a pullback.

📏 Target

Measure from the peaks down to the neckline and project that distance below the neckline.

🛑 Invalidation

A close above the twin peaks, which turns the whole thing into a base rather than a top.

🖼 Example on a live chart

DMART — Daily

Broken down ↓

DMART double top pattern on daily 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 Top FAQ

What does a double top mean?

That a price level has now rejected the stock twice. It is a bearish reversal signal, but only after the neckline breaks — many double tops never complete.

How far apart should the two tops be?

Far enough to be separate events — typically several weeks on a daily chart — and within a few percent of each other in price. Two highs a few days apart are one top, not two.

Is a double top reliable?

It is one of the more reliable reversal patterns once the neckline breaks on volume. Trading it before the break has a much poorer record, because the second peak is often exceeded.

↔ Related formations

Head and Shoulders (26) Inverse Head and Shoulders (5) Double Bottom (10) 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.