Descending Triangle
Suntv Descending triangle I'm expecting breakout, buy after the break out with the target of 600++ in upcoming months
ITC Ltd Technical Analysis .Hello friends after a long time , I am Again Back with a New Idea, So Today we are going to Talk about ITC Ltd . As you Know its a FMCG Company . So on 1 Day Chart it is making a "Triangle Pattern" . If i Talk About Targets , So Targets will be :- 221.10 Rs , 229 Rs and 240 Rs . So Now Lets Talk About Support and Resistances . So from Its Pivot Points .So its Major Support Is 201 Rs . Volume has dried , Rsi is in Bearish mode and Price is also going Down , Earning Reports will come on 19 May . So From my Opinion it can go "Up" because its on the lower side of the Triangle and so for it can go "Up" and it can go down because FII and FPI are taking out their money from our market due to Covid 19 and please remember that we don't give you any kind of buying and selling guide we just only give you our analysis . PIease Like because we are having a shortages of Likes .
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TATA CONSUMER ANALYSIS#DESCENDING TRIANGLE FORMATION
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DESCENDING TRAINGLE ON NIFTY LOOKS BEARISHNIFTY HAS TESTED 14000 LEVEL , IF IT BREAKS BELOW TRIANGLE IT WILL GIVE LEVELS OF 13900 AND 13600
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TATA MOTOR ANALYSIS FOR 22/04/2021TATA MOTOR ANALYSIS
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bhartiartl - Descending Triangle Price forming descending triangle pattern and it is going to break at the opening of tomorrow, It should break up and go up little before the fall. Lets see
Banknifty - Ascending triangle patternPrice should break the triangle and move little up within the end of todays session.
ADANI PORTS ANALYSIS FOR 19/04/2021DESCENDING TRIANGLE PATTERN FORMATION
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PAGE INDUSTRIES ON 15 MIN CHARTThis analysis is on request of one of our followers.
Page industries on 15 min has formed a Descending triangle. Now the most confusing part of this price action pattern is that, it’s neither a reversal pattern or continuation pattern but in fact it’s called NEUTAL PATTERN, which means that this pattern can give a breakout or a breakdown or in simple words in can break upward approach downward & traders have to be ready to trade to the respective trend. The target is usually similar to the middle range price area of triangle.
Page has already given a breakout and achieved the given target set by the chart pattern. We suggest to hold on for some days & let the big players come in and take Page out of range market( haven’t entered yet, but it might end up in range).
Hindalco good short candidate.Hindalco spot cmp320
Good short candidate in range 320-325
view gets violated above 330 levels on closing basis
Down side targets of 303-296-291-285
Time horizon 15-20 trading sessions..
Counter have given breakdown from demand zone of descending triangle formation..
RSI have given breakdown,,,
Good short candidate,,,
WIPROIt appears to be completing its triangle in daily time frame. Breakout from this triangle could take it till 475. Accumulation appears to be happening in this zone of 420-430. View negates below 405
Descending triangle patternKEI has formed a descending triangle pattern. We expect a fall in price by 20+ points which is equal to base of a triangle
RUPEE KE CHAL CHALANAs of now USD-INR pair is moving in descending triangle pattern. which normally breaks in downward side.
Aartu drugs, oppurtunity to short.Short Aarti1 drugs, descending triangle on weekly and daily charts.
Enter at 642, target : 513, Stop loss: 708
Bank nifty good short candidateBank nifty spot cmp 36930
Descending triangle formation on 15 min tf,,
Rising demand line support around today low 36700
Once break and sustain below this levels can fall to levels of 36225-35880-35600
Small rise till levels of 37000-37080 where there is supply channel of descending triangle pattern.. from there reversal can be seen.
View gets violated above 37200 if sustains for 15-30 mins..
