If 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 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...
GBP/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 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 "
if you have any queries regarding above idea or any other stock feel free to D'M
Recently we launched, ...
PNB 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...
All 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.
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.
Indusindbk 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.
TATAELXSI 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...
Relcapital 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”...
