StockTrendz automatically detects Double Top formations — one of the most common bearish reversal signals — forming right now across all NSE stocks. Get AI probability scores and instant alerts.
The Double Top (also called the "M Pattern") is a classic bearish reversal chart pattern. It forms when price reaches a high level twice, fails to break above it both times, and then drops below the support level between the two peaks (the "neckline").
Double Top — two equal highs, breakdown below neckline signals exit
Key Characteristics
First Peak: Price rallies to a new high and pulls back to a support level
Second Peak: Price rallies again to approximately the same high level — but fails to break above it
Neckline: The support level connecting the trough between the two peaks
Confirmation: Bearish signal confirmed when price closes below the neckline, ideally with higher volume