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.
Descending Triangle
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.
PowerGrid : Descending TrianglePOWERGRID is forming A descending traingle , Look for opportunities at either side break of triangle
Entry : Long Abv Upper TL <=> Short below Blue zone
Stoploss : Discretionary (Closing Basis)
Basic Target: 10%
" Idea by Malkiat Singh "
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PnB : Postitional ShortPNB is forming a Descending Triangle, look for opportunities as specified on chart.
Entry : 91.5 - 92 Range (Take Stance after getting a strong closing below given range)
Stoploss : 2.5% (Closing Basis)
Basic Target: 89
Optional ways : Derivatives are best case as expiry is just 7days away.
if you have any queries regarding above idea or any other stock feel free to D'M
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Indusind BankAll levels Mentioned in the chart.
P.S. These are my views, doesn't mean anyone should take random trades basis this. Please do your own analysis or consult a reliable adviser.
PETRONET DESCENDING TRIANGLEPETRONET DAILY, above 200 sma and price approaching supply zone. With descending triangle pattern
Target 230
IBULHSGFIN DOWN AS OF NOW !!IBULHSGFIN is following the descending triangle channel and it is expected to kiss the channel support.
Even if it breaks the channel resistance, we can expect a reversal from 50 sma and then back to channel.
PETRONET WEEKLY, descending triangle pattern.PETRONET WEEKLY, descending triangle pattern.
price will come down to 210-200
Descending Triangle Breakout - Bearish Continuation PatternIndusindbk Short below 1471
Stop-loss 1490
Target 1406
Risk 1.29% And Reward 4.42%
RR Ratio 1: 3.42
Bearish Continuation Pattern
Descending Triangles
In this “flat-bottom” triangle, the bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower.
Descending Triangle Breakout - Bearish Continuation PatternTATAELXSI SHORT AT 912 with a Stop-loss of 967 for The Target at 744
Risk 6% & Reward 18.43%
Risk Reward Ratio 1: 3.05
Bearish Continuation Pattern
Descending Triangles
In this “flat-bottom” triangle, the bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower.
Level to Watch out is 885 because it's a 0.618% Retracement level of a Major Swing, Low at 510.60 and High at 1326.
If Tataelxsi consolidate around this level and losing it's momentum then it's a good chance to hold this support level.
But if it's going to break the support with strong downward momentum and higher volume then we may see lower levels in a sharp fall.
As per Chart Pattern Minimum Price Target is 18.40% lower form the cmp, so need to manage and trail stop-loss actively.
Descending Triangle Breakout - Continuation Pattern - RR 1: 4.3Relcapital Sell Below 221.60
Stop-loss 234
Target 168.40
Risk 5.57% & Reward 24%
RR Ratio 1: 4.30
Another Probability is, it can be turned out into triple bottoms as well but looking at the prolonged decline I personally prefer to sell descending triangle breakout rather buying triple bottoms.
Continuation Pattern
Descending Triangles
In this “flat-bottom” triangle, the bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower.
Ashok leyland | chart pattern | Weeklyprice at an interesting level + also showing a descending triangle pattern.
DESCENDING TRIANGLE MAKE HERE LUPIN DAILY CHARTTHIS IS FOR EDUCATION PURPOSE ONLY IF LUPIN BREAKOUT DOWEN SIDE HERE- SHORT
DESCENDING TRIANGLE FORMING IN HDFCBANK BUT WAIT FOR IT NOV FUTDESCENDING TRIANGLE FORMING IN HDFC BANK
BUT WAIT FOR IT
NOVEMBER FUTURES
BEAR-TRAP IN PLACE
BUY HERE MIGHT SEE BOUNCE BACK BEFORE CLOSING TODAY
IF CLOSES ABOVE 1920 THEN
BUY@1910
STOP@1895
TARGET@1955
LOT:250
QTY:3
SECOND TRADE
WE WILL SHORT @THE TRENDLINE WAIT FOR IT
DESCENDING TRAINGLE IN KPIT TECH OCT FUTDESCENDING TRINAGLE IN KPIT TECH
OCT FUTURES
SHORT BELOW 205 ON CLOSING BASIS
STOP@210
TARGET@196
LOT:4500
QTY:1
INTRA-DAY SHORT TRADE IN SBI IN OCT FUTINTRA-DAY SHORT TRADE IN SBI
HOURLY DESCENDING CHANNEL BREAK -DOWN
CAUTION EXPIRY WEEK MAY SEE VOLATILITY STOPLOSS IMP
OCT FUTURES
SHORT@257.5
STOP@260
TARGET@252.5
LOT:3000
QTY:1
Jubiliant Foodworks :Formation of a descending triangle, in case it breaks the neckline, i.e. closing below 1135, Sell: 1134, Sl:1200, Target: 1000. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Bajaj Auto_Descending triangleIf closes below 2621, Sell: 2620; Target: 2300; SL: 2800
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
NIFTY DESCENDING TRIANGLE BREAKOUT ON HOURLY CHARTNIFTY DESCENDING TRIANGLE BREAKOUT
OCT FUT
SHORT@10900
SSTOP@10930
TARGET@10830
LOT:75
QTY:4
EURNZD H4.. SHORT SELLEURNZD H4.... IT HAS FORMED DESCENDING TRIANGLE IT HAS BOKE THE NECKLINE.... IT HAS RETSTED BACK...EVEN IT HAS TOUCHED 61.8 FIB... ITS GOOD TO TAKE SELL NOW ... SHORT SELL PUT TP AT H4 SWING LOW
Bajaj AutoDescending Triangle formation:
If closes below 2600, then Sell at ~2600 levels, Target: 2280; SL: 2700
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
