Descending Triangle
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..
Bank Nifty Descending triangle pattern formation at 15 mins tfBank Nifty Descending triangle pattern formation at 15 mins tf
close dependent sale previous sale given on Feb 11 @ 3436 for target 3385👀
exit suggestion given today @ 3392🎯
below is the fresh view 👇🪕👇
sale if close below 3395-80 zone
which is 6 months low
Observation :-
*** broke 3 months low 3403
***desendline triangle neckline touch
***TF 15,h,4h,D RSI below 35 - support bearish momentum ( view holds till D closes below 45)
***six month low 3382
dsiclaimer - trade @ own risk
previous view below for reference
SBIL - Descending Triangle Pattern Please change view from candlestick to line. You will notice that price movement has formed a descending triangle pattern. Base is at 862.49. Height of triangle is 20 points. We expect a marginal drop in price.
ABBOTT - Descending TriangleDescending Triangle forming on Daily Chart of ABBOTT INDIA. SELL below 14800 -> 14200, 13850, 13500. Volume activity has increased in latest round of selling. No Buying till 15950-16000 is intact. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Watch Descending Triangle & M Pattern Break-Out in "Reliance"Reliance , forms "Descending Triangle Pattern" on Daily time frame as well as Looking for completing "M" Formation too.
Above I gave all the details with Stop & target & this could be a nice opportunity for those who want Bears on their side.
This Trade could take time to complete 1:2 ratio, but Those who looking for 1:1 can get in this month only.
you can also research it and post it in the comment section.
Tatapower | Descending Triangle Break | Volume surge 🎯⭕ Investment Trading opportunity ! Monthly Chart Alert !!! ⭕
--Buy Above =78.35 or CMP
--Target = 96.60 | 116.80
--Stop-loss = 65.70
--Lot Size = 13,500
--R:R = 3.04
--Expected Profit = 5 lakh + ₹ per lot ( 49% )
--Expected Holding = around 1 year only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) tatapower is the 2nd leading company after powergrid & has given a breakout with volume
2) Descending Triangle Breakout ,50 ema breakout , resistance breakout , Long term trendline breakout
3) fundamental is too good , checked everything correctly
4) Do your research as well & support & resistance is mentioned on the chart
Guys check out the related ideas as well, it will work really well GUARANTEED !
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👍LIKE if think is useful !
✍COMMENT Below your view !
ITC - Descending triangle pattern at monthly time frame - LongITC LTD - Descending triangle pattern formation at monthly time frame - Long
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
H&S Patterns in HDFC Bank & Possible Descending Tri BreakoutHead & Shoulder: Neck Line is acting as strong support in Daily Chart. Short position can be taken if it breaks the neckline. But the chances are low because it forms a bullish candle with high volume.
Descending Triangle: Broken the Resistance and hence Long position can be taken.
Trend Line: Taking support on Trendline.
Target : 1st : 1465/-
2nd : 1485/-
Disclaimer: This is not a recommendation. Do your own research & Analysis before taking any decision.
USOIL Descending triangle pattern formation at 15 mins TFUSOIL Descending triangle pattern formation at 15 mins TF
Abbot India - Descending triangle breakoutHi Folks,
In Daily time frame AbbotIndia is looking good to touch its 52-week high. Beautiful breakout with GapUp.
I hope you will benefit from this knowledge
-MetaVish
LONG POSITION IN FINOLEX CABLESLONG POSITION IN FINOLEX CABLES
The price has broken out of the descending triangle pattern with strong volumes.
The price is being supported by the sloping up TL.
MEASURED TARGET LEVELS OF - 352
Formed Descending Triangle NSE:ICICIBANK has formed a descending triangle and also moving around dynamic support of 50 EMA (1H). Likely to give a breakout.
MARUTI IDEA CONTINUATION - NOW ON 4 HR FROM DAILYWITH CONTINUATION FROM DAILY TO 4 HOUR TIME FRAME -
THERE SEEMS TO BE DESCENDING TRIANGLE FORMATION
CURRENTLY ITS TAKING SUPPORT @ TREND LINE OF FORMATION
A BREAK BELOW - FALL WHICH WILL COINCIDE WITH DAILY FRAME ANALYSIS.
IF NOT CAN GO BACK TO RETEST NECK LINE
ON WATCH-LIST NOW
disclaimer - join your own study to enter a trade
Descending Triangle Pattern in WHIRLPOOLThis 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.
