As it sees it forms a descending triangle in 30 in time frame + volume + rsi + at a fib .38% level on a daily chart + having long trend line support as well. For Day trader - Buy above 219 stop loss 216 TARGET- 222 224 228. For other trader- buy above 220 stop loss 205 TARGET- 230 240 250. In a case of downward breakout initiate buying in the range 206-211 stop...
Descending Triangle on Dabur. Trade: Short Entry - 305 Target 1 - 301 Target 2 - 297 Stop loss - 310
Descending Triangle on TATAMTRDVR and the pattern will get successful only when the price breakout on downside otherwise consider as false breakout. Trade: Short - 258 Target - 238 Stop loss - 270
Descending Triangle pattern on Castrol India and it will break only on downside or if broken in other side is consider as false breakout / pattern failure. Trade: Short below - 396.00 Target 1 - 385.50 Target 2 - 375.50 Stop loss - 405
Descending Triangle pattern formation on Hexaware and it will break downside. Indicators are showing neutral bearish. Trade: Short below - 240.50 Target 1 - 238.00 Target 2 - 235.50 Stop Loss - 244.00
Descending Triangle Pattern formation on Titan and it will break on down side. Trade - Short Short below - 505 Target 1 - 491 Target 2 - 478 Stop loss - 515 Note : Please enter the short after price got breakout...
Descending 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:...
Strong Inverted Hammer on daily chart. Descending triangle. May break on either side. Position to be taken based on where to it breaks. Weekly chart shows clear indications of a downfall.
NSE:DRREDDY is at the bottom edge of the descending traingle. Levels and zones are marked. Trade accordingly. Cheers !
The 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...
Descending Triangle on BPCL. Trade: Short below = 701 Target = 694.50 Stop loss = 707.50
Descending Triangle on Oriental Bank. MACD on Bearish and RSI below 50. NOTE: This chart recommendation for positional, not for an intraday. Trade: Short below - 118.60 Target 1 - 116.65 Target 2 - 114.50 Stop loss - 120.60 Risk : Reward => 1 : 2 Reward Points - 4.10 Risk Points - 2
Nicely formed Descending Triangle has given breakout today. Action Reaction method of Andrews suggest that price can easily reach 1970 - 2000 in coming days. Stop Loss 1780. Good Risk to reward ratio.
Dr Reddys Labs has formed a 'Descending triangle' and is hovering around support (2979.75). Can short it once breaks the support. Also, can see 'Head and Shoulders'. If it breaks from here, then 2925 looks feasible in few sessions.
It is been observed on the hourly chart that the price action breaks and closes above the descending triangle with long green candlestick, indicating a further strong up move. Target: 1365 Stoploss: 1335 Risk Reward: 1:1
It is been observed on the hourly and daily chart that the price action breaks below the descending triangle indicating a further move down towards the next resistance levels. Target 1: 955 Stoploss: 975
It is been observed on the daily chart that the price action is forming a descending triangle indicating selling pressure by the big players. It shall further move down. Regards Target 1: 370 Target 2: 360 Stoploss: 385
Sell Below 935 Target 928 Target 921 Stoploss 946