PETRONET WEEKLY, descending triangle pattern.PETRONET WEEKLY, descending triangle pattern.
price will come down to 210-200
Descending Triangle
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.
Somany CeramicsDescending Triangle: Target: 327; confirmed with breakdown. SL: 440. (basis 4hr charts)
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.
OIL Descending triangle breakoutOIL Descending triangle breakout
4x average volume
No lower wick = powerful breakout.
Obviously it'll see some correction and retracement.
ITCA Descending triangle has been formed, the only concern is the previous trend before the descending triangle was upwards, hence I want to see whether this pattern still holds true even if it formed in an uptrend.
If closes below 295, can see levels upto 280.
Further as per daily charts on Sep 19, a bearish engulfing was formed which shows that the stock is expected to touch 293 levels.
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.
STBT IN JETAIRWAYS SPET FUTSTBT IN JETAIRWAYS
DESCENDING TRIANGLE PATTERN BREAKOUT
SEPTEMBER FUTURES
SHORT@252.5
STOP@260
TARGET@235
LOT:1200
QTY:2
Avanti Feeds - Waiting for breakdownA descending triangle has formed in the downside and hence if there is a breakdown then further downside. Will Update the target once there is a breakdown. SO for now, waiting for breakdown.
10% chance there might be breakout. Hence waiting for confirmation
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.
UPL triangle pattern (Descending)Guys UPL make triangle pattern (Descending) keep watch if breakdown sell
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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