Descending Channel

PranamGhagare

Bank of Baroda has been in a descending channel for the past month. The stock has formed this reversal channel at an important daily support zone. The stock created a double bottom formation last week giving more indication of a reversal. Stoploss - 88.65 Target 1 - 99.05 Target 2 - 103.35 Target 3 - 107.30 Disclaimer This content is for information and...

Indyan

Pageind retraced from golden ratio and also has falling wedge which confirms a very sharp upward movement. targets on chart

SherBazaar

Mrf in Descending Channel.. keep a eye on it as it is in trending in channel as the price of the share is quite high very few traders would be trading in it.take move according to the breakout

binuppaul

Idea (now Vodafone Idea) has been one of the biggest price losers in the Indian bourses. The script came down from price levels of 125 to almost 3.5. If we were to look at the long term chart (Monthly or Weekly), we can see that the price has broken out of a downward channel and as long as that level is defended, there can be significant upside for the stock. With...

VTTechnicalsofficial

Asian Paints Formed Descending Channel Pattern , tried to break down once not succesful , next swing might give breakdown. Major support is at 1540 range. Sell Below 1540. This is Purely My Techinical Analsysis. Do Analyse yourself before entering in to the trade.

GladdysChandrasekhar

NIFTY INDEX LOOKS LIKE TRADING INSIDE THE CHANNEL IF IT BREAKS DOWN THEN WE CAN LOOK FOR SELL ONLY AFTER RETEST IS COMPLETED OTHER WISE IF IT REACHES CHANNEL TOP THEN WE CAN LOOK FOR SELL WITH CANDLE STICK CONFIRMATION.THIS FOR ONLY EDUCATION PURPOSE ONLY.

PranamGhagare

The Stock has been in a downward spiral for many months. It has created a descending channel on the daily chart as well as another small descending channel inside the bigger descending. 3 touches of a pattern indicate pattern completion. Here both the descending channels have completed their respective 3rd touches at the same point. We have also a Morning Star...

PranamGhagare

Mahindra & Mahindra is in a descending channel at a double bottom structure at a weekly support zone. The RSI suggests a positive divergence. Target 1 - 566. Traders can maintain a stoploss of 540 Traders can look for further targets after 566 levels have been broken.

ssen

Nifty has arrived the resistance level of the descending channel. If tomorrow price gaps down and moves downward in first 15 min, a short position can be opened with SL above the swing high and a target of 11650. If price gaps up and sustains over today's high, this trade plan will no more be valid.

traderpulse

The pair is going down the hill slowly but steadily in a descending channel formation. It was thrown down by the resistive trendline, in the due process, crossing a support level of 0.71157. We expect it to test the broken support, which can be used as an entry point for a short trade, and then move to the supportive trendline.

traderpulse

The descending channel resistance has come to play in the EUR/USD. The price, after making a V-shaped rally is at a price action resistance zone now. Owing to the above two factors, we expect the pair to turn bearish from here.

darshandedania

NSE:M_M M&M is trading in a downward channel and making lower high lower lows. Currently shown reversal patter on top of channel. If starts trading below Friday low, we can go short.

GomathiShankar

IBULHSGFIN is following the descending triangle channel and it is expected to kiss the channel support. Even if it breaks the channel resistance, we can expect a reversal from 50 sma and then back to channel.

VishnuTalanki

SREI Infra - channel breakout Good candidate for long.

VishnuTalanki

IDFC descending channel breakout Long above 53 SL - 49.3 Target - 60.55

VishnuTalanki

Long above 1050 only. SL - 957 Target - 1276.45

VishnuTalanki

ZEEL has formed an doji/harami pattern inside descending channel. Can go either way. Long idea - Entry - 506.4 Target - 515 SL - 499.15 Short idea - Entry - 499.15 Target - 487.35 SL - 506.4

traderpulse

The 1-hour chart of EUR/USD is currently in a descending channel formation. The trend line also coincides with 200 SMA which could acts as strong resistance. As per our analysis,we expect a strong selling pressure immediately. On the contrary,if it breaks the resistance,we can expect short covering too.