Descending Triangle

SHUBHAM_NARVEKAR

NSE:M_M WE CAN SEE AN DESCENDING TRIANGLE PATTERN ON DAILY TIMEFRAME. IT SUGGEST THAT THE STOCK MIGHT MOVE DOWNWARDS. SO THERE CAN BE AN SHORTING OPPORTUNITY SOON. NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE. IF ANY SUGGESTIONS PLEASE LET ME KNOW IN THE COMMENT BOX.

Aniketyourtechnicalanalyser

hello guys! I had bought this at 74.00 accordingly to my analysis. just sharing my analysis for your help :) fundamental results are good for this stock. In shorter timeframe,the stock has formed a descending triangle and had breakout after it. For confirm uptrend,you can buy at 77.40. ----------------------all the other details are given in the...

Aniketyourtechnicalanalyser

Triangle are the most accurate and the most commonly used chart pattern, which shows 99% chances of stock breakout/breakdown. once price goes out of the triangle,it shows a 99.7% true breakout/breakdown. that's why most of the traders trade on it when the price goes out of the triangle for a confirmation. all triangle patterns and the details of it are mentioned...

tradethetip

1> HCL is respecting support zone & trendline zone as well. 2> Take SHORT entry only after breakdown from both the support area . 3> Target = 730 ( downside ) 4> Lot size =1400 5> Avoid false breakdown by entering after retracement 6> Descending Triangle Pattern , IF breakout happens then enter after retracement for upside Guys check out the related ideas as...

FAHEEMSAM

Failed De-listing process already hit the stock hard. Now it doesnt know where to go. A clear trend is decided once the pattern is broken No levels are provided because the chart clearly indicates a pattern to trade on. Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e.,...

omkar_banne

Sell below 515 Target: 503, 495 SL: 531 on closing basis

UmeshKanna

Details in the chart

FAHEEMSAM

The stock is forming a wedge pattern, indicating a halt. lets wait till a market tells us where is it headed ?? Buy/Sell only when price clearly crossed the level. Beware of false breakouts. Let the candle close outside of the wedge and let the volume be above the average. This helps to minimize the possibility of false breakout This is not a recommendation, Its...

FAHEEMSAM

Immediate support placed at 1305 can break, giving a possible move downwards. If further move after round level of 1300 is seen, The trade is expected to make the 1300 level resistance in the coming sessions. This is expected to be a short term correction as the stock has broken the descending channel in the higher time frame. Sell below 1305 Targets cannot be...

omkar_banne

Stock gave a breakdown near 1070 in last trading session and today moved till 1000 to fill the gap (1012 to 1037) that was created on 18th June. After filling the gap, stock started to move upward. Let's wait & watch how the stock behaves near breakdown level.

finalyticsbreweries

Indiabulls is in a strong bearish trend and now near a strong support zone of 177-178. A bearish descending triangle with a flat bottom at 178 is visible. Any move below this level will cause the stock to fall up to 160 levels continuing the bearish outlook. It can turn the trend taking support from here if the market view is overall positive. Downtrend...

omkar_banne

Trade on breakout or breakdown buy side entry above 415 sell side entry below 411

sgryan249

BREAKOUT OF THE DESCENDING TRIANGLE PATTERN ON DAILY TF, NEED FOLLOW THROUGH FOR TARGETS OF 878 AND 888 RESPECTIVELY SL BELOW TODAYS LOW

vimal.kr.pathak

NSE:BRITANNIA Hi Traders, BRITANNIA has broken upward price channel as well as descending triangle pattern and taking support on previous high of upward price channel. If this support is broken by it then it will start downward movement. Stock Analysis * Stock has broken upward price channel. * Stock has broken descending triangle pattern. * Taking support on...

FAHEEMSAM

ENTRY - BELOW 644 TARGET - 632.5 + TRAILING STOPLOSS - 649 BEWARE OF THE RISK INVOLVED IN TRADING STOCKS AND PLAN YOUR TRADES ACCORDINGLY. THIS SHOULD ONLY BE USED FOR LEARNIG PURPOSES AND NOT AS A TIP. TRADE AT YOUR OWN RISK. HAPPY TRADING!!

FAHEEMSAM

THE DESCENDING TRIANGLE WITH NR7 IS A NICE MIX TO TRADE ON. SO KEEP AN EYE ON THE HINDUNILVR FOR THE COMING DAYS. Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose. Trade at your own risk. Thank you Have a Nice day!!

bpamwani

Might give a good short opportunity !!

FAHEEMSAM

LOOK OUT FOR A BREAKOUT IN SUNPHARMA AS WELL AS DR REDDY AS THEY ARE NR7 CANDIDATE. THEY HAVE BEEN CONSOLIDATING FOR THE PAST 3 DAYS. Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose. Trade at your own risk. Thank you Have a Nice day!!