This 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...
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,,,
NSE:POWERGRID
It 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
KEI has formed a descending triangle pattern. We expect a fall in price by 20+ points which is equal to base of a triangle
As of now USD-INR pair is moving in descending triangle pattern. which normally breaks in downward side.
Short Aarti1 drugs, descending triangle on weekly and daily charts. Enter at 642, target : 513, Stop loss: 708
Bank 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...
Bank Nifty Descending triangle pattern formation at 15 mins tf
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...
Descending triangle! 35400-35500 zone will act as a support.
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.
is this a descending triangle?
Descending 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.
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...
⭕ 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 ...
ITC 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.
Head & 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 :...