BOI forming Ascending Triangle

BK OF INDIANSE

Description

⋅ Dec 4, 2016 9:57 AM

It is been observed on daily chart that the price action forming an Ascending Triangle, indicating a big move ahead.

Regards

Comment

⋅ Dec 4, 2016 11:22 AM

Kindly ignore the title as it is wrongly and mistakenly mentioned.

BOI forms a Descending Triangle as shown on the chart.

Thank you @aks85 for pointing it out. Regards

boi BANKNIFTY

Comments

saforyou2002

⋅ Dec 4, 2016 3:23 PM

Does this kind of descending triangle shows mostly a bearish breakdown?