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Descending Triangle

ALLCARGOALLCARGO:- The descending triangle pattern has formed, if there is a breakout of the trendline, then the movement of the upside can be seen, till then keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:ALLCARGOLong
by AjayDhakad_Keep_it_simple
Godrej Properties -SELL Technically it is forming a lower high lower low structure which indicates that the stock is in downtrend and with this it is also facing a downward resistance trendline and this can be seen when the inverse head and shoulder formation was formed and it failed to break through the trendline and thus eventually created a false breakout. Thereafter we can see an inverted flag forming and achieving its target. Now it is forming a descending triangle pattern on daily chart and a head and shoulder on the weekly time frame both indicating downwards movement within this period. Thus taking a short positions is more favorable than long ones due their higher probability rate for success here according to these indicators with the 14 day RSI confirming the trend. A sell position can be taken with a daily closing below 1130 with a Sl of 1160 and a downside target of 1100 and 1070. Confirmation from other tools like Fibonacci Retracement levels & 14-day RSI provide additional support towards my assessment being correct; suggesting further confirmation before executing the trade
NSE:GODREJPROPShort
by vedgawkar
bitcoin running sideways in briefI hope all of you guys have made the profit through my long published idea of btc while it was accumulating around 20500$ it jumped around 6000$ from there almost now talking about the current predicament of the market the mother bitcoin is consolidating if it stays around 23900 zone below this distribution will start it is advisable for you to not to take any trade cause anytime it can move in any direction institutions are fearless beware of any stupid analysis of people take your time then dive into trades directly it will be good for your PnL follow for regular feeds find me anywhere i will provide you the best information and updates of the market best of luck stay tuned for further! @Cryptoxcountry
by tradingcops_1
1
Spicejet Ready to Fly?Points to note: 1. A STRONG DEMAND ZONE near the 34-36 range, formed and sustained repeated tests. 2. A (final?) TEST BELOW the zone attempted yesterday & rejected with vol., leading to belief that sellers have lost interest. 3. A DESCENDING TRIANGLE formed. Therefore, a good move can be expected. ____________________________________________________ Aggressive Entry at cmp with SL 31. Targets of 43.55, 58,63. RR of 1:3.5 Disclaimer: As always, trade according to your own risk appetite. And always enter SL first.
SLong
by Divergent_trader
PETRONETPETRONET:- Descending triangle pattern is formed, if upside breakout and sustain we can see movement to the upside, till then keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:PETRONETLong
by AjayDhakad_Keep_it_simple
Investment plan for PERSISTENT Investment Plan ( My own, don't take it as a call or advice, just an Idea ) This stock is making a great pattern known as descending triangle pattern, on the weekly time frame, but here you will see how the stock went under breakdown in May 2022, the stock got out of pattern and marked a lower low there with a bottom around 3100 levels; it retraced back. Still, the stock made a W bottom there and came up with power and retraced back to the W bottom neckline and now coming back up at the supply node of old descending triangle. breakout form this node can give a great upside till old All time high = 5000 levels and as per Higher low and higher high on weekly and monthly Time frame theory looks like the stock might move higher, which can be speculated from fibo series and upside two levels can be taken as 5500 and 6000 ( near fibo levels and round off numbers ) Good luck :D Trade as per limits and risk managements rules, always consult professionals before taking any trades . Thanks
NSE:PERSISTENTLong
by Averoy_Apoorv_Analysis
Adani Green Showing strength NSE:ADANIGREEN . Adani Green had shown a breakout from the descending triangle pattern above the white line, which was a resistance many times before ( as seen from the graph). Also with high volume for the past two trading days. The stock had moved more than 10% in the last two days. So if the stock corrects a bit, I will be watching the white line and expect it to be a support. Something to be kept in mind is that Adani green is at a higher PE than industry PE and currently looking at it only from the technical perspective. *This analysis is completely for educational purposes and not any kind of stock recommendation.
NSE:ADANIGREENLong
by RamRaju61968
1
TATA motors - BREAKDOWNThe descending channel pattern is a bearish chart formation. It develops within pronounced downtrends in asset pricing. traders view descending channels as evidence of weakened strength in the counter currency. Accordingly, it is frequently used to sell a currency pair and join the prevailing market downtrend. First, let’s study the case of the descending triangle reversal. Typically, the descending triangle is more powerful when traded in the context of a trend. It’s also more powerful when traded in the direction of the prevailing trend. However, the descending triangle reversal pattern can potentially reward you with bigger profits if traded in the right context. We only trade the descending triangle reversal pattern when this price formation develops at the end of a bullish trend, and in the context of an uptrend. The reversal chart pattern emerges as the buying activity declines and the market fails to make fresh new highs. This shows that the supply-demand imbalance is shifting in favor of the sellers as buyers get exhausted. In this case, we’re going to be looking for the flat bottom to get conquered by the bears. The potential support breakout can signal a powerful trend reversal.
NSE:TATAMOTORSShort
by SUTHARTRADE