INDUSINDBK
Descending Triangle Breakout - Bearish Continuation PatternIndusindbk Short below 1471
Stop-loss 1490
Target 1406
Risk 1.29% And Reward 4.42%
RR Ratio 1: 3.42
Bearish Continuation Pattern
Descending Triangles
In this “flat-bottom” triangle, the bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower.
#SYMMETRICAL TRIANGLE INDUSIND BANKI think indusind bank has been in a symmetric traiangle and is looking for a breakout.. Either side but as per my thought I thik it will give break on the down side first and then might rally so looking for a bearish breakout. You got any dought comment.
NSE:INDUSINDBK
!!SYMMETRICAL TRIANGLE FORMATION IN INDUSIND BANKS!!SYMMETRICAL TRIANGLE FORMATION IN INDUSIND BANK
JAN FUTURES
PATTERN IS VISIBLE IN THE DAILY CHART
HAS A NEARBY RESISTANCE AND SUPPORT
VOLATILITY AFTER RESULTS SHOULD NOT BREACH THIS LEVELS
!!PLEASE NOTE THAT!!
BREAKING OUT OF PATTERN ON FINANCIAL RESULTS ALWAYS
RESULTS IN CLEAR DIRECTION AND TREND FOR MEDIUM
TERM!!
!!TODAYS BREAKOUT WILL BE A DIRECTIONAL BREAKOUT!!