Double Top (M Pattern) Scanner
for NSE Stocks

What is a Double Top Pattern?

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").

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
• Target: Price target = neckline − (peak height − neckline)

Trading the Double Top on NSE

When StockTrendz detects a Double Top on an NSE stock, you receive:

• Probability score showing how closely the current price action matches a textbook Double Top
• Exact neckline price level for trade entry/stop-loss reference
• Projected price target based on the pattern's measured move
• Historical NSE charts with similar Double Tops — and their outcomes
• Real-time WhatsApp or SMS alert when the neckline breaks (Pro plan)

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