Descending Triangle
Escorts good long candidateEscorts spot cmp 1225
Time Frame :- Daily
Study :- Elliot wave
good formation seen in this counter,, on verge to give breakout,, confirmation of price action move is pending,, once breakout confirm,, counter would move on to complete its impulse phase,,
Good bullish candidate
GKW LIMITED - DESCENDING TRIANGLE PATTERN GKW Limited stock formed Descending Triangle Pattern which is a neutral pattern. So, we can expect the stock may go long or short.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcome
VINATI ORGANIC - DESCENDING TRIANGLE PATTERN BREAKOUTVinati Organics Stock is about to breakout from Descending Triangle Pattern which can be bullish or bearish pattern . So the stock may go long or short.
Please check the chart for details. Mentioned clearly about the support and resistance points.
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcomed
Breakout & consolidation in descending triangle!Long term bear trend breakout with good volume..
Consolidation in descending triangle..
Entry only on breakout and candle closure on Daily TF..
Resistance lines to be monitored for any reversal.
Targets are as per fib levels..
Chart is only for educational purpose & not a recommendation for buy or sell..
Hdfc ltd conditional trade...Hdfc Ltd spot cmp 2500
Time frame :- Daily
Study : Elliot wave
Wave 1 :- Wave 1 is first impulse wave of impulse phase,, in this case study first wave consist of 470 points in terms of points and 32% in terms of percentage,, first wave is generally of no confidence movement,, buyers still dont have confidence that the trend will change and the upside impulse move will start,, so it spends time in that reversal zone.
Wave 2 :- wave 2 is first corrective wave of impulse phase, in this case study
HLong
BIRLACABLE - Descending TriangleDescending Triangle forming on Daily Chart of BIRLACABLE. Above 123-25 -> 143-47, 160, 175. Support 104, 95, 85, 82-3, 74-5. Volume is low since the last High Volume Candle. Today it bounced back from 104.30. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.























