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Descending Triangle

Principles of Triangle Pattern (PaisaMania - Learn & Earn)Dear Traders, Teach you about the "Principles of Triangle Pattern". There are 3 types of triangle patterns available. Symmetric Triangle Ascending Triangle Descending Triangle Symmetric Triangle - It is continuous and neutral trend of the price, may break either side of the triangle. Need to confirm the trade with breakout and as well with trend indicators. Ascending Triangle - It is bullish pattern and true breakout will happen only on top line. On top flat line is act as a resistance. If the breakout happens on another side, will consider as a false breakout or pattern failure. Descending Triangle - It is opposite to the Ascending Triangle, bearish pattern and true breakout happen only on bottom of the line. On bottom line is act as a support. If the breakout happens on another, will consider as a false breakout or pattern failure.
NSE:NIFTYEducation
by raj3elite
6
Descending Triangle on PetronetLNGDescending Triangle pattern formation on petronet. According to Descending Triangle will break only on one side which is on downside. It should not break on another side (upside) but if does, it will consider as False Breakout. In Descending or Ascending triangle, some of the times false breakout may happen so need to wait until the price to break. Trade: Short below - 423.75 Target 1 - 414.75 Target 2 - 406.50 Stop Loss - 430.75 Note : Don't trade until the price to break the triangle.
NSE:PETRONETShort
by raj3elite
1
Descending triangle - SanofiThe stock is showing strong support at the 4080 levels. The current pattern shows a descending triangle, constantly testing this support level for the past 3 months. The descending triangle is showing exhaustion as indicated by the Accum/Distribution trend. The A/D is a leading indicator that takes into account volume aspect of the trade as well. One should expect a downward movement to the 3800 levels, followed by a possible bounce back. Fundamentally Sanofi is a good stock currently trading at a P/E of 30.
NSE:SANOFIShort
by Nar
Nifty 79** or 83** let fed decide everythingIt is been observed that nifty -0.48% is in the final leg of Descending triangle on 15 Min chart. 15th Dec 0.89% opening will be the crucial level for Nifty -0.48% . If open below 8170 will take it to immediate support 8150 levels which is a crucial support at present scenario. In case nifty -0.48% could not sustain at 8150 will take it to further down of 7910 level. Meanwhile open Above the triangle will take nifty -0.48% towards 8320 levels. Oh meanwhile dont forget to look into the below one also.
NSE:NIFTY
by Eatsleeprepeat
1