Kewal Kiran Clothing: ₹1700
A Descending triangles formation in KKCL is a bearish patterns that indicate distribution:
On break below ₹ 1619, will see₹ 1432, ₹ 1210 and a pattern target ₹890 having a confluence withthe 78.6% retrace of the last leg. Stop: ₹1824.
Contrarian view is that descending triangle I a continuation pattern…. Yes, agreed, but the ...
Kewal kiran:1700 break below 1620 target 920
Where as, on trading above 1824, will negate this view.
Trading in a descending triangle ,a bearish formation that usually forms during a downtrend as a continuation pattern. but there are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation ...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
NSE:KKCL
