Neelkanth81

Maruti - LONG - Descending Triangle

Long
NSE:MARUTI   MARUTI SUZUKI IND
Maruti - LONG - Descending Triangle .
Descending triangle pattern seen on Maurti on daily charts and RSI also confirming the possible upside move.

Comments

Descending traingles are a bearish pattern. They generally gonna breakdown. You dont long on such. If it breaks out, you can go long for a an awesome target.
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AdityaSubramanyam AdityaSubramanyam
BTW its a symmetric triangle, not a descending one
Reply
Neelkanth81 AdityaSubramanyam
@AdityaSubramanyam, Thanks sir.
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