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Descending Triangle

Have the market aroused the sleeping 'LION' !!!The heading justifies the stock correctly and chart also indicate that lion is ready to roar once again after a pause of 7 months. Here, lion is referred as Balaji Amines who was asleep from last 7 months after steep fall but, now it seems that market has aroused the sleeping lion. Descending triangle was under construction since last 7 months and finally we're witnessing breakout from the pattern with rocket volumes and RSI breakout which further indicates that the sleeping period is over.
NSE:BALAMINESLong
by Chaser30
ADANI WILMAR is again , ready to give high returns hey guys , from a long time , we are seeing that ADANI COMPANIES ARE GIVING GREAT RETURNS, in this group of companies , there is a stock called ADANI WILMAR , this stock was giving a great returns , JUST AFTER LISTING this stock has gave a return of APPROX 250% RETURN in just 73 DAYS , but after a short period of time , this stock has started to follow a pattern called , DESCENDING TRIANGLE . and now the time has come to BREAK THIS PATTERN , and now you can see that , THIS STOCK HAS CROSSED ITS RESISTANCE and has made GREAT BIG GREEN CANDLE , you can see that , stock has taken support on its resistance and now gave a great green candle , therefore , I SUGGEST YOU THAT YOU CAN BET ON THIS STOCK AND TRY TO EARN GREAT RETURNS , I have marked the STOP LOSS AND TARGET , STOP LOSS - 567.60 TARGET - 768.70 BUT PLS CONSIDER THE GLOBAL MARKET SITUATIONS 1. INFLATION 2. WAR 3. RISING BANK RATES 4. INCREASING CRUDE OIL PRICES AFTER CONSIDERING THESE SITUATIONS YOU CAN BUY THIS STOCK ADANI WILMAR - AWL FUNDAMENTALLY ALSO , THIS COMPANY IS WELL ESTABLISHED . THEREFORE , YOU CAN BET ON THIS STOCK
NSE:AWLLong
by TRADERS_AREA
1
NIFTY50 in perfect descending triangleIn my previous analysis, I spoke about NIFTY being stuck in 2 channels at a DAILY time frame. Here again, I bring to you another channel but in a smaller time frame of 15 MIN. Looks like it's in a perfect descending channel ready to break. If there's a gap down it will enter the bearish territory. FIIs are putting a huge selling pressure so my bet is that it may break to the downside and give interesting intraday shorting opportunity at a low risk-reward ratio. I will post my trades for tomorrow in the update later.
NSE:NIFTYShort
by Siddharth1707
Descending Triangle PatternDescending Triangle Pattern: Descending triangles have a falling upper trendline as a result of distribution and are always considered bearish signals. Target:-Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern. In general, the price target for the chart pattern is equal to the entry price minus the vertical height between the two trend lines at the time of the breakdown. CMP 406 T1/2/3 340/280/210 SL-425 Breakout AT 395 Below
NSE:BSOFTShort
by sumangalroofings
2