Descending Triangle

Breakdown>Retest OR Gap- filling?Stock gave a breakdown near 1070 in last trading session and today moved till 1000 to fill the gap (1012 to 1037) that was created on 18th June. After filling the gap, stock started to move upward. Let's wait & watch how the stock behaves near breakdown level.

Copper Long Copper Long Descending triangle breakout Buy at CMP- 743.1 SL- 737.4 Target- 751.2, 754.1 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.

by ashwinjethwani1409

RBLBANK strong breakout with heavy volume Reasons to buy RBLBANK: 1. Stock gave a strong breakout from the descending triangle pattern with heavy volume. 2. Company manage to came in net profit of 31 Crores in sept-2021 quarter, while it was in net loss of 459 Crores. 3. Stock is trading at 0.98 times its book value. Targets: 270, 400 Hold for 6 months to 1 year Points to remember before buying: 1. Always diversify your portfolio. 2. Never give more than 5% weightage to a single stock.

by StrugglingTrader17

THETA USDT Theta coin is forming a descending triangle pattern and a normal triangle. I have mark all trendlines and support and resistance area. We can buy above 10.585 and project the target for the 15 dollar with the stop loss of 8 dollar. Thanks

by THINKLIKEATRADER

NIFTY/S&P500 at Triangle Resistance NIFTY/S&P500 relative strength chart has reached its descending triangle resistance as seen in this weekly chart. Should this be a reason to worry for Nifty bulls? Maybe, maybe not. Price will tell. Watch for price action in Nifty at the 18500 zone. If resistance kicks in, we may see some price/time correction. If not, we may break out of this descending triangle upper trend line and continue the upward journey. We will be watching. P.S. Similar price action happened in NIFTYIT/NASDAQ relative

by vipulmehta817

FORTUBE: Descending Triangle and Bullish divergence Keep FOR (Fortube) in your watchlist. Buy on breakout of the descending triangle with good volume at POC (Point of Control levels) that is the price level for the time period with the highest traded volume that has utmost importance here so when that zone breaks with good volume we need to take an entry. This is high risk trade and so are the profits. Here we can also notice a RSI bullish divergence, in which RSI looks bullish whereas the candlesticks are still neutral, also notice a double bot

by meetmoneypenny

Decending triangle breakout Descending triangle breakout with 1:2 risk reward no trailing stop loss with fix sl

by yogeshshekhawat9784

Descending Triangle Pattern in M_M breakout can give 955+ Target In Mahindra & MAHINDRA(M_M) on weekly timeframe there have a descending triangle pattern. If this stock gives breakout this pattern above 780 then expected short term target 955+ in this stock. Downside 730-735 is strong support zone so any bearish movement only possible below this level. So, We can go long in this stock with stop loss below 730. Upside 800 will act as an immediate resistance after breakout. Possible some breakout correction from this level upto the breakout level. Once it sta

Wyckoff distribution - Bitcoin Target: 37500$It seems like the Wyckoff distribution is playing out again in Bitcoin charts. There is a confluence between the Wyckoff distribution and descending triangle pattern which gives a target of ~37500$ price within a week after which a trend reversal can be expected. The first Wyckoff distribution happened between the start of this year and ~20th July and Line1 denotes the Support for that distribution The one playing out currently started a week after the first one got over and is a smaller one as

Swing Trade- APOLLO TYRES Apollo TYRES had a descending triangle breakout with volume and a retest at 224 levels. A good 4R swing trade, enter around 224-225 to enjoy targets up to all time high. Also it showed a good support at 55 EMA and retested at POC (Point of control) aka highest volume zone. A pin bar shows rejection from sellers and buyers win here. Keep SL below the 55 EMA. It is Also taking support at Bollinger Bands. Happy Trading!

by UnknownUnicorn21160479

MAHINDRA & MAHINDRA Buy at Market or Buy Stop Order Target:- 1007 Stop Loss:- 780 Duration:- 9 to 12 Weeks The stock has already break the resistance line and showing a bullish candle, which is a upside breakout and indication of upside move. It is also a descending triangle pattern. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.

by marketaffairs

Descending Triangle for SRTRANSFIN [Watchlist]SRTRANSFIN is forming a descending triangle pattern on a weekly and daily TF. Waiting for a breakout out of this range.

by AshwanthKumar

RAMCO near Support range RAMCO near it's long term support range. Following a descending triangle format in the short term, we could see a bounce back at support range and see if we could see the triangle breakout.

by AshwanthKumar

Descending triangle on M&M We see a descending triangle pattern on daily that's forming. We're very close to a breakout from the triangle. Don't enter until we get confirmation of the breakout.

by AshwanthKumar

Descending triangle pattern(sell idea) price is under 50 and 200 ema breakout candle has above average volume getting rejection from Triangles base

descending triangle stock is in uptrend making descending triangle you can buy now at price of 135-140 ( do not wait for breakout to happen) SL below 126 target 170 trade at you own risk!!!!!!!!!!

ITC ITC on the verge of breaking years long downtrend/range bound market. Could see good upside moves. Keep waiting until it breaks and sustains.

by TheEthicalTrader

V-MART : Swing Opportunity NSE:VMART is trading in a range after a huge volume breakout. The scrip is now at key support level taking multiple support at the previous resistance (S/R flip). The stock is also forming a descending triangle pattern. The volume is very less on consolidation. One can go long at CMP however this is a little risky bet as there is also one more support level at 3100 levels. DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with pr

by TheAspiringTrader

Indusind Bank: Rallied like anything Posted my analysis the day before yesterday with levels....target hit on the second day only......wasn't sure whether it will hit the second target so I marked target 1 on the chart. But boom....it went like anything today. The previous analysis is liked below.

by Aditya_Pal_Singh

Indusind Bank: Descending Triangle Indusind Bank is forming a Descending Triangle Pattern on the daily chart. Details are given in the chart itself.

by Aditya_Pal_Singh

Descending triangle in Axis Bank The descending triangle is formed in the Axis Bank stock. keep an eye on the breakdown with good volumes. If a breakdown happens with the rising volume you can short with a target of 763 approx. for more analysis on stocks .

by NaveenChowdhary

SYNGENE INTERNATIONAL stock name : syngene international call type : equity reason of buying : continous taking support on trendline and forming a descending triangle (forming a compression) best place to buy buy around 600 on support sl 560 target 750 Thanks Ishu Prajapati

by THINKLIKEATRADER

Levels for - 07 Sep 2021 EXPLANATION : This is a 15 Min time frame chart of BANKNIFTY . It has formed a Descending triangle pattern , taking exact support on Demand zone . I am seeing both side very good opportunity in BANKNIFTY .

by pranavnanavare

Swing trade EXPLANATION : This is a Daily time frame chart of M_M . The stock has been exact Demand zone , It has formed a Descending Triangle Pattern , Double Top Pattern on 4 hr time frame , If stock has been break the zone with high volume & Retest Demand zone , ( Support Become Resistance ) Go short . If taking Support at exact zone , I am seeing a very good buying opportunity in M_M . Enter as per your setup and sit tight to achieve the maximum target .

by pranavnanavare