Descending Triangle Pattern Breakout | Adani Green I make educational content videos for swing trades based ideas
Descending Triangle
One Investment Idea and One Trading Idea | Detailed AnalysisI daily make educational content videos for financial markets
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.
S H Kelkar traingle breakoutWait for weekly candle to close above trendline. In weekly timeframe it must close above
EURO/JPY SHORT OPPORTUNITY Descending triangle pattern seen in EURO/JPY 15 mins time frame
short this pair if it breaks below 143.082 levels
Bitcoin Long position for short term!!Bitcoin about to give a breakout from descending triangle pattern at 17000 levels
Look for long opportunities in short term
SPICE JET - Now time to flyshare 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 accumulate this share at current level with stop loss of 33 which is all time low of this stock
thanks
Descending Triangle in adani green energy ltdA 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
Bajaj finance chart dailywhere 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 option.
Note : only for learning, not a trading tip.
VEDL HAS READY FOR BREAKOUT FOR BREAKOUT Ved for ready fro brakout with high volume can take a entry after restest.
follow for more 🙏🚀
GATEWAY might rally (Significant demand zone)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 is a retest but this is a risky trade so a strict SL needs to be there below the demand zone and resistances mentioned above in the charts are targets for the same.
A high risk short term bet so abide by strict SL, Targets.
Thanks for reading!
Syngene Swing trade and Index analysis for 31 October markets I daily make educational content videos for financial markets.
M&M Finance SHORT , Descending TriangleThe Short Setup is Very Clear here + on Friday there was a News Item: "RBI bars Mahindra Finance from using third-party recovery agents after Hazaribagh mishap" which is serving as the Catalyst for the Selling Pressure in this Stock. M&M Finance involved in Unethical Practices and hence the Stock Price is being Hammered.
A Classic Descending Triangle on the Hourly Time Frame
One can Short for
Targets:
T1= 185
T2= 182 - 180
with Stop Loss > 200
3 Good trades and Index ideas for 26 September markets I daily make educational content videos for financial markets.
Alok Industries Descending Triangle ALOKINDS Descending Triangle forming May be a good downside here of about 30%
ALKEM LAB Looking good above 3270In this, price formed a descending triangle pattern if it will break out then we can expect a up move.
RELAXO formed a descending triangleRELAXO is ready for up move after breaking 140days consolidation. Also you can see that it formed a descending triangle which will break soon.
RELAXO formed a descending triangleRelaxo is ready for up move after breaking out it’s 140 days of consolidation. Also you can see it formed a descending triangle it will break sooner
TORNTPHARM formed a descending triangleTORNTPHARM is moving inside a descending triangle since day 46 I hope to break soon and give good move.
Tech Mahindra LTD - Trendline + Descending Triangle Breakout 📊 Script: TECHM (TECH MAHINDRA LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY IT / NIFTY 500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Daily timeframe Trendline + Descending Triangle Breakout.
Weekly timeframe Trendline + Descending Triangle Breakout.
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20.
📈 MACD is going to give crossover.
📈 Double Moving Averages crossover yet to come.
📈 Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe.
📈 Current RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1090
🟢 Target 🎯🏆 - 1185
⚠️ Stoploss ☠️🚫 - 1061
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Zeel Trade Idea and Index Trades for 8 September marketsI daily make educational content videos for Financial Markets
