Get started

Descending Triangle

PEL - Intraday breakout possible - descending triangleImmediate 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 specified as there is lot going on the fundamental side of things too. This is not a recommendation, Its for educational purpose only. Trade Safe!!
NSE:PELShort
by FAHEEMSAM
Britaninia : Trade SetupNSE: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 previous high. Sell Level Below 3684 (based on price action) Target Level TP1= 3520 TP2= 3419 ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some feedback below in the comment! This would give us encouragement to keep sharing our ideas here on this platform. ###Learn To Earn### * This analysis is educational/learning purpose only. * Trade at your own risk. Trade well, **********************************************************************************************************************************
NSE:BRITANNIAShort
by vimal.kr.pathak
2