Equity-Earningz
Short

Descending Triangle Breakout - Bearish Continuation Pattern

NSE:INDUSINDBK   INDUSIND BANK LTD
Indusindbk Short below 1471
Stop-loss 1490
Target 1406

Risk 1.29% And Reward 4.42%

RR Ratio 1: 3.42

Bearish Continuation Pattern

Descending Triangles
In this “flat-bottom” triangle, the bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower.
Trade active
Trade closed: stop reached: Stop Reached on 28th January, 2019

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