What Is a Descending Channel?
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
Ascending triangle pattern
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns.
Polycab is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods ‘FMEG’ under the ‘POLYCAB’ brand.
BUY AROUND 2490-2505
AND STOP LOSS 2450
TARGET 1:2,1:3,1:4
NRB is India's largest needle and cylindrical roller bearings producer headquartered in Mumbai. NRB was incorporated in 1965 as an Indo-French venture with Nadella and pioneered the production of needle roller bearings in India
DEMAND ZONE TRADE
BUY AROUND 160-162
SL BELOW 157
TARGET 1:2, 1:3, 1:4
Neogen Chemicals Ltd. is a 30-year old company specialising in Bromine based compounds, Grignard Reagents and Inorganic Lithium Salts.
NEOGEN BUY AROUNG 1680-90
AND STOPLOSS AROUND 1600
TARGET 1:2
