Descending Triangle

With the Automobile Sector under pressure one can look for shorting opportunity if the mentioned levels are breached.

There Is A Possible Downwards Breakout In The Reliance Stock This Week! The Stock Is In A Descending Triangle Pattern. Plan Your Trade According.

desc tri B/O on an newly formed uptrend. good R:R trade.

descending triangle formation on 1hr time frame with prior up move with good volume, B/O possibilities are mostly upside.

If it breaks the lower support & Sustain, possible targets are mentioned in the charts.. And ADX is in strong selling mode. If everything goes well as per our prediction, will get 100+points.. All the Best.. Have a Profitable Trade.. Thanks, Chandru

GBP / JPY is very close to where a fall may occur. The pair is currently in a descending triangle pattern. The buying force was amortized by the downtrend line. With the arrival of the bears with the selling force, a low candle was formed. We expect the bear kick to be strong enough to send the pair close to the support level. - Price touched a few times...

GBP/JPY is currently stalled in a descending triangle pattern. The recent upsurge has been capped by the resistive trendline. It faced rejections initially but now formed a follow-through bearish engulfing candle. Hence, we expect the bears to hop in here and send the pair spiralling down to the support level of 143.833.

All levels Mentioned in the chart. P.S. These are my views, doesn't mean anyone should take random trades basis this. Please do your own analysis or consult a reliable adviser.

PNB is forming a Descending Triangle, look for opportunities as specified on chart. Entry : 91.5 - 92 Range (Take Stance after getting a strong closing below given range) Stoploss : 2.5% (Closing Basis) Basic Target: 89 Optional ways : Derivatives are best case as expiry is just 7days away. if you have any queries regarding above idea or any other stock...

POWERGRID is forming A descending traingle , Look for opportunities at either side break of triangle Entry : Long Abv Upper TL <=> Short below Blue zone Stoploss : Discretionary (Closing Basis) Basic Target: 10% " Idea by Malkiat Singh" if you have any queries regarding above idea or any other stock feel free to D'M Recently we launched, TruStox Community...

PETRONET DAILY, above 200 sma and price approaching supply zone. With descending triangle pattern Target 230

PETRONET WEEKLY, descending triangle pattern. price will come down to 210-200

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.

TATAELXSI SHORT AT 912 with a Stop-loss of 967 for The Target at 744 Risk 6% & Reward 18.43% Risk Reward Ratio 1: 3.05 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...

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.

Relcapital Sell Below 221.60 Stop-loss 234 Target 168.40 Risk 5.57% & Reward 24% RR Ratio 1: 4.30 Another Probability is, it can be turned out into triple bottoms as well but looking at the prolonged decline I personally prefer to sell descending triangle breakout rather buying triple bottoms. Continuation Pattern Descending Triangles In this “flat-bottom”...

DESCENDING TRIANGLE FORMING IN HDFC BANK BUT WAIT FOR IT NOVEMBER FUTURES BEAR-TRAP IN PLACE BUY HERE MIGHT SEE BOUNCE BACK BEFORE CLOSING TODAY IF CLOSES ABOVE 1920 THEN BUY@1910 STOP@1895 TARGET@1955 LOT:250 QTY:3 SECOND TRADE WE WILL SHORT @THE TRENDLINE WAIT FOR IT

DESCENDING TRINAGLE IN KPIT TECH OCT FUTURES SHORT BELOW 205 ON CLOSING BASIS STOP@210 TARGET@196 LOT:4500 QTY:1