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....
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...
The 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...
share name : spice jet
call type : positional or investment
- share is forming a descending triangle pattern
- moring star on c point on monthly time frame
- we can see a good base on 61 it will definitely
act as resistance if it will take out and price
will form higher low . we will definitely see
targets up to 61,108 126 as per gartley
- we can...
A descending triangle appears in Adani Green Energy.
This pattern is seen to start with a market high and then the market makes a new low, then the market makes a higher low and a lower high.
When the market breakouts the channel, bearish power is seen within the market.
The market is likely to make new lows.
T 1= 1939
T 2= 1858
SL =2124
Thank you
@Money_Dictators
where do bajaj finance go first ? What do you think ?
1. Bearish H&S is forming break below neckline. it will fall.
2. It will rise from Support zone.
3. It is forming a continuation pattern, it will rise after breakout above trendline.
4. it is making a bearish pattern descending triangle, it will fall.
Please do comment your answer.
my vote goes 2...
From the above chart we see that #GatewayDistriParks, a company into logistics has been moving downwards and recently had a volume spike and a breakout of the downward sloping trendline, it gave a low volume pullback & since listing it has respected a Demand Zone, ample of times and every time some buying can be seen happening in that zone. The recent price action...
