Double topM shape ka chart pattern

A double top is the mirror of a double bottom. Price rallies to a level, pulls back, rallies again to about the same level, fails, and then falls below the low between the two peaks. The shape is an M. It suggests buyers tried twice to break resistance and could not, and that sellers are taking control. The pattern is confirmed only when price closes below the neckline, the low between the two tops. Imagine Nifty reaching 24,800, falling to 24,400, climbing back to 24,780 and then breaking under 24,400. A trader might sell futures or buy a put there with a stop above the highs. Double tops appear often and fail often, particularly in strong uptrends where the second top simply becomes a pause. Use volume, the larger trend and a defined stop loss rather than the shape alone.