Triangle is a classic price action pattern that is applied by technical analysts to make predictions trading different financial markets.
Depending on the shape of the triangle, there are three main variations of this pattern.
Its meaning changes dramatically from one to another so it is crucially important for you to...
This stock is making lower highs with same low level on daily chart by forming a Descending triangle, breaking 2000 level will open the downside upto 1800 level. as this Sep-2020 quarter results were weak. it could likely break downside.
BEL Descending Triangle with increasing volume last two sessions.
It's also close to 50 Day EMA as well.
Can be shorted if it breaches the triangle with good volume and confidence.
SL - 185.00
Teach you about the "Principles of Triangle Pattern". There are 3 types of triangle patterns available.
Symmetric Triangle - It is continuous and neutral trend of the price, may break either side of the triangle. Need to confirm the trade with breakout and as well with trend...