Descending Triangle
BITCOIN SHORT (AFTER BREAKING DOWN)THE FLOOR(6000$) WHICH WAS MISSING TO BE TESTED IS ON SIGHT NOW.
HISTORY GONNA REPEAT ITSELF(6000-3200)
HUGE DESCENDIND TRAINGLE / SYMMETRICAL ALSO
BE READY GUYS TO MAKE SOME BUCKS.
#BITCOIN
#XBTUSD
Descending Triangle Breakdown in IndusInd BankBearish Breakdown Pattern in IndusInd Bank.
Though it's a heavy breakdown, let's see if it works.
INDUSIND BANK Descending TriangleTechnical Overview of INDUSINDBK: In the below chart, we can see the stock is trading near very crucial support i.e. 1350. On 16th April 2019, the stock has given confirmation of Double Top and from next day has given sharp fall till 1350. From support levels given bounce up to 1670 and made Lower High. Like this stock has started to trade in a Descending Triangle, and yesterday again took exact support from the same level. As per our view, we can buy INDUSINDBK here with the stop-loss of 1345 on a closing basis on the daily chart. The first target is 1500 and if a stock will give break out to Trend Line then it will show 1550-1600-1650.
NSE IT Sector Looking Bearish with Descending TriangleHi Traders,
NSE IT Sector Looking Bearish with Descending Triangle as per chart.
Bearish View due to below point :
1) NSE IT Index forming Lower High & Lower Low.
2) NSE IT Index form Descending Triangle pattern on chart.
3) Heavy Weight stock of IT index like TC , Infy looking weak on chart.
4) TCS Faced resistance at higher level & got reversal to downward.
Important Support
1) 200 SMA placed at 15380 point
2) Support 1 at 15070 from where NSE IT index reversal in month of July
3)Breach of Support 1 will take index to next support 2 placed at 14170 almost 900 point downward possible.
Oscillator Indicator:
RSI taken support 2 or 3 times at around 40 -43 level.
IF it is breach & 200 sma also breach sure shot short on cards.
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
Keep Eagle EyeKeep an eagle on Indusind bank
Key level - 1350 (If it manages to break it then my first target will be 1250 and final target will be 1050)
bharti airtel Descending Triangle @in_tradingviewNSE:BHARTIARTL
Forming Descending Triangle
if support break then short
on bounce can buy till resistance line
Gold | Descending Triangle - Short below 1400Descending triangle pattern spotted in Gold,suggesting bearish bias. Though the base of the pattern falls on 1403, immediately below is round number 1400. Hence it is advised to initiate short only if price closes below 1400 with stop above the falling trendline and target at 1380. Manage to book some profit at 1388 if price traverse through our predicted levels.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
ZEE ... waiting for the Horror showThere is no trade as of now... keep tracking this one!
Disclaimer: These are only for educational purpose and in no way should be construed as trade recommendation.
Please take your trade calls independently, only after proper risk management.
Descending triangle (PEL)Descending Triangle along with minor supply and demand zones.
One high probability setup.
Do your own analysis before taking a call
Descending Triangle !! Still Valid ?Price has moved more than 3/4 th of the structure.
Moving Average suggests short as well
Let's see if its still a valid pattern
Reliance - Descending Triangle Pattern! There Is A Possible Downwards Breakout In The Reliance Stock This Week! The Stock Is In A Descending Triangle Pattern. Plan Your Trade According.
Descending Triangle (Maruti)With the Automobile Sector under pressure one can look for shorting opportunity if the mentioned levels are breached.
RVNL desc triangle formation in an uptrend.descending triangle formation on 1hr time frame with prior up move with good volume, B/O possibilities are mostly upside.
HeroMotoCo - Intraday - ShortIf 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 - Descending TriangleGBP / 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 validating the bearish trendline
- RSI falling H4. Line descending on D1
- Rejection on trend line with low candle
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
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GBP/JPY Technical analysisGBP/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.
