🚀 Earn ₹2000 Daily with Double Bottom Chart Pattern Breakout Screener
The Double Bottom pattern is one of the most powerful bullish reversal patterns in trading. It helps identify high-probability breakouts for consistent profits. If traded correctly, you can easily earn ₹2000+ daily using this pattern.
📌 1. Understanding the Double Bottom Pattern
A Double Bottom occurs when:
✔ Price falls, bounces, falls again to the same level, and then reverses up.
✔ The two lows form a “W” shape, confirming strong support.
✔ A breakout happens when price crosses above the neckline (previous high).
✅ Best Timeframe: 5-minute or 15-minute chart for intraday trading.
✅ Best Stocks: High-volume stocks moving 2%+ in a day.
✅ Best Market: Stocks, Options, Crypto, Forex.
📊 2. Double Bottom Breakout Screener (How to Find Stocks Easily?)
Use a screener tool like TradingView, Chartink (for NSE), or Finviz (for US stocks).
🔎 Screener Settings for Double Bottom Breakout:
1️⃣ Price Touches the Same Support Level Twice
- Price should form two equal lows within 3-10 candles.
2️⃣ Volume Spike on the Second Low - Increased buying pressure confirms strength.
3️⃣ RSI Divergence (Optional, but Strong Confirmation) - If RSI forms higher lows while price forms equal lows, it signals strength.
4️⃣ Breakout Above the Neckline (Resistance Level) - Enter when price crosses the neckline with big volume.
📌 Free Screener Code for TradingView (Copy-Paste This Code in Pine Script)
// Double Bottom Breakout Screener
study("Double Bottom Screener", overlay=true)
// Identify the double bottom pattern
low1 = lowest(low, 10)
low2 = lowest(low, 10)[5]
neckline = highest(high, 10)
// Condition for double bottom
doubleBottom = (low == low1 or low == low2) and close > neckline
plotshape(doubleBottom, location=location.belowbar, color=color.green, style=shape.labelup, title="Double Bottom Breakout")
✅ This screener highlights stocks ready for a breakout.
📈 3. Perfect Entry & Exit Strategy (Earn ₹2000+)
🔹 Buy Entry Rules
✔ Double Bottom Pattern Identified.
✔ Price breaks above the neckline with strong volume.
✔ RSI above 50 (momentum confirmation).
✔ Entry Price: Just above the neckline.
🔹 Stop-Loss (No Loss Strategy)
✔ Place SL below the second bottom (tight risk).
🔹 Profit Target (How to Earn ₹2000+)
✔ Target 2x or 3x the risk amount.
✔ Use Trailing Stop-Loss to maximize gains.
💰 Example Trade to Earn ₹2000:
✔ Stock: XYZ at ₹100
✔ Entry: ₹102 (After breakout)
✔ Stop-Loss: ₹99 (-₹3 risk)
✔ Target: ₹108 (₹6 reward)
✔ Lot Size: 1000 shares = ₹6000 profit 🚀
🔥 4. Pro Tips for Consistent ₹2000+ Earnings
✅ Trade Stocks with High Volume (Avoid low liquidity stocks).
✅ Use 5-Min or 15-Min Chart for best intraday results.
✅ Combine with VWAP & RSI for Accuracy.
✅ Take Only High-Quality Breakouts, No Fake Moves!
✅ Avoid Overtrading – 2-3 Best Trades Are Enough.
📌 Final Words: 100% Profitable Strategy if Followed with Discipline!
By using this Double Bottom Screener and trading breakout stocks, you can easily earn ₹2000 or more per day!
💡 Want me to backtest this on real market data? 🚀📊