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.
A trading channel is drawn using parallel trendlines to connect a security's support and resistance levels within which it currently trades.
Axis Bank at good support and made double bottom, Stock may touch the levels mentioned in the chart. The double bottom looks like the letter "W". The twice-touched low is considered a support level. The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
Stock may bounce from current level and may test 870. The support level represents a price point that an asset struggles to fall below over a given time period.
Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis. It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume. Most traders use pennants in conjunction with other forms of technical analysis that act...
see chart for details
See chart for details
See chart for details
See chart for details
Indusind bank at very strong and will fly from here
Cipla stock moving in the arc, might go up from here .
Indigo in 4 months consolidation zone
Glenmark in 7 months consolidation zone, watchout for breakout
Britannia at good support, watchout for reversal