Get started

Finance

A Comprehensive Guide to Descending Triangle.NSE:AMBUJACEM A reliable bearish trend continuation pattern is known as Descending Triangle. This post will cover these questions: 1. What is Descending pattern? 2. How to identify Descending Triangle? 3. Pre-requisite of pattern formation. 4. Trading Tactics. 1.What is Descending pattern? #The descending triangle is a bearish formation that usually forms a continuation pattern during a downtrend. #Descending triangles also sometimes function as reversal patterns at the end of an up trend, but typically they are continuation patterns. #Descending triangles are bearish in nature. The descending triangle pattern here indicates that the buyers are not as aggressive as the sellers, so the price continues to generate lower highs. This shows that the demand for related security is falling. 2. How to identify Descending Triangle? (a.) Drawing trendlines. The bottom horizontal line (support line) is formed by two or more almost equal price lows, while the descending trend line (resistance line) is formed by two or more declining highs. (b.) what are Base and apex? -The base is the vertical line drawn from the flat support trendline to the starting point (Resistance line) of the descending trend. -The point at which both converging lines meet is called the apex point. -The breakout should happen around 2/3 size of the whole pattern. 3. Pre-requisite of pattern formation. (a.) Existence of prior trend. It is very important to identify the previous trend, an established prior trend should exist cause it's a continuation pattern. look for the pattern in a downtrend with a forecast of breakdown from the horizontal line. (b.)Volume pattern While the pattern is forming the volume diminishes. volume declines as the pattern develop and the price swings back and forth between an increasingly narrow range of lower highs and similar lows. However, there is a noticeable expansion in volume when the downside break occurs. (c.) Retracement Moves. The chances of a retracement move are very less in this pattern. After the breakout the price can move again towards the breakdown zone to test the validity of the breakout, on breakout the support is broken and when the price retraces the support becomes resistance and the price start moving in the breakout direction. 4. Trading Tactics. The entry will be below the support level and use protective stop loss above important resistance level, or it can be above 50% of pattern range. Minimum Take profit is the projected Base Line. Use position sizing according to your stoploss level. Like this idea if you find it useful and please share with your friends. Keep learning, Happy trading. Thankyou.
NSE:AMBUJACEMEducation
by SANJAYPATIDAR_
4
Finance Nifty Daily Levels Update For Option Day Trading Support Zones For Finnifty Intraday Trading  First Support Zone For Nifty Financial Services  –     18535 – 18555 Second Support Zone For Nifty Financial Services  – 18423 – 18433 Third Support Zone For Nifty Financial Services  –  18304  – 18315 Fourth Support Zone For Nifty Financial Services  –  18240 – 18252 Resistance  Zones For Finnifty Intraday Trading First Resistance Zone For Nifty Financial Services –          18642 – 18625 Second Resistance Zone For  Nifty Financial Services –      18707 -18700 Third Resistance Zone For Nifty Finacial Servises  -          18830 -18815
NSE:CNXFINANCE
by manojshinde27
4
Finance Nifty Daily Levels Update For Option Day Trading Support and Resistance Levels for Nifty Financial Services with Confirm Targets Support Zones For Finnifty Intraday Trading  First Support Zone For Nifty Financial Services  –     18422 – 18432 Second Support Zone For Nifty Financial Services  – 18304  – 18315 Third Support Zone For Nifty Financial Services  –   18240 – 18252 Fourth Support Zone For Nifty Financial Services  –   18137 – 18152 Resistance  Zones For Finnifty Intraday Trading First Resistance Zone For Nifty Financial Services –           18553 – 18535 Second Resistance Zone For  Nifty Financial Services –      18642 – 18625 Third Resistance Zone For Nifty Finacial Servises  -            18707 -18700 Fourth  Resistance Zone For Nifty Finacial Servises  -            18830 -18815
NSE:CNXFINANCEShort
by manojshinde27
Recession Incoming? Here is what the technicals say US10Y-TVC:US02Y Economists: Recession incoming! World Leaders: Recession is out of the books. Whom to believe? Here is my analysis from a technical standpoint👇 As someone who believes in data driven decision making, the technicals point towards a recession. How so? When the difference between the 10 year bond yield and 2 year bond yield becomes negative, it is known as an 'Inversion in bond yield curve' and this inversion has been a strong indicator in predicting recession. Since this chart (US10Y-US02Y) started back in 1976, whenever the curve went into the negative zone, we experienced a recession shortly after. So the question now is, are we in the negative zone? YES! Recession incoming? Most likely yes! To all my connections in the field of finance especially, I'd love to know your thoughts on the same below in the comments 👇 Follow AVZ_Trades for more such content #finance #data #recession #bonds
TVC:US10Y
by AVZ_Trades
2
Bajaj Finance Price Action Analysis - Aug-2022In Daily time frame Bajaj Finance was observed in the Descending Broadening Wedge Pattern A Descending Broadening Wedge Pattern is a chart pattern formed from two downward trendlines in the form wedge shape, above and below a price representing resistance and support levels. The Descending Broadening Wedge Pattern is also known as a falling broadening wedge pattern. The upper line is identified first, as running along with the highs and is called the trendline. When the price is around the upper trend line, look for short opportunities, although aggressive traders could trade long and short at both trend lines looking for a bounce or pullback. From the chart above, we can clearly see that the trend is getting a break with good volume and a strong uptrend. It shows more bullishness in the current trend structure Currently, Bjajaj FInance is at Rs7209. If the pattern continues, the price of Bajaj FInance might reach the resistance level of Rs 8041 If the trend reverses, then the price of Bajaj Finance may fall to Rs 5930
NSE:BAJFINANCELong
by TheNewsCrypto
2
BTC/USD - Quarterly OverviewThe past financial quarter didn’t go as expected. We did witness the emergence of humongous selling pressure in the overall market conditions including Bitcoin. The world’s largest cryptocurrency has almost retraced about 60% considering the high of Q2 2022 and the current market price. Although the downfall wasn’t a steeped one, BTC found support levels at regular intervals when it broke below $45K for the first time in the quarter. Considering the moving averages, BTC is trading below MA-10, MA-50, and MA-100 which certainly reflects the prevailing bearish sentiment. The price level had attempted to develop sustainability above MA-10 on multiple occasions but failed to have a formidable bounceback. MA-50 is currently acting as a temporary resistance level while MA-100 lies far beyond the current price action. The RSI level also faced multiple dips toward the oversold region, especially during the last month of the quarter, and currently showcasing negative nature. The MACD level mostly spent the quarter below the histogram which again reflects the bearish sentiment. Currently, it is looking for a breakout above the histogram. Overall, bears are certainly having a grip over the market conditions. If BTC continues to sustain below the crucial psychological mark of $20K, one might expect more downfall. In that case, support levels can be placed at $18K and $16K. On the contrary, resistance levels can be placed at $22K and $24K.
COINBASE:BTCUSD
by TradeDog-Research
POSITIONAL - FALLING WEDGE PATTERN IN ANTONY WASTE HDG CELL LTD.NSE:AWHCL AWHCL trading a little above life low and charts are signaling bullish reversal. it has formed a falling wedge pattern and a breakout with good momentum is done. now if it breaks the previous consolidated range/ or say previous swing high and managed to close a daily candle above 300 price then we can initiate new long position and the time frame would be 8-12 weeks to get our target levels. All levels are marked on the chart. "If you would like any more information feel free to DM me" if you like this analysis please like and comment on idea. happy trading & keep learning.
NSE:AWHCLLong
by SANJAYPATIDAR_
1