INDIACEM — Double Top

Double Top · Daily candles

▼ Broken down

Formation Double Top

StateBroken down ↓

Building since2026-07-17

Boundary touches3

Broke on2026-08-13

Break level₹383

Measured target ₹350 -3%

Break volume 0.2× its 20-day average

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.

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.

Triple Top · Weekly candles

▼ Broken down

Formation Triple Top

StateBroken down ↓

Building since2026-05-31

Boundary touches5

Broke on2026-08-16

Break level₹380

Measured target ₹340 -6%

Break volume 0.3× its 20-day average

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.

See every double top found today →

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.