Descending Triangle
EURAUD WITH DESCENDING TRIANGLE FORMATIONHello Guys
We can see that EURAUD has Formed A DESCENDING TRIANGLE PATTERN in D1 Chart, which has m can be taken trade on either side based on the breakout, we are predicting that it’s gonna Go Up for a Buy trade, but in the end everything is depending on the Breakout , u can pocket 500 pips easily on this trade, hope you guys liked my analysis
Than You
All The Best Traders
How to trade descending triangle pattern....??HINDUSTAN UNILEVER is making descending triangle in 30 min time frame.
The descending triangle is a bearish formation.
It is usually forms during a downtrend as a continuation pattern.
There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns.
Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern.
In general, t
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Tata Coffee - Breakdown - Descending TriangleTata Coffee has broken below from the descending triangle pattern on 30 mins time frame.
Initiate Sell.
Target: 66
Stoploss: 75
TShort
BAJFINANCE break down in descending triangle with huge volumeFinally BAJFINANCE break down in descending triangle with huge volume and sitting at the major support. we can expect a gap down on Monday session and there could be some retracement(or contines the downward direction) towards the resistance. If the downward trend continues 1st target is 1601.
Descending Triangle Formation & Neutral CandlesticksDescending Triangle formation on Bank of Baroda Chart.
Descending Triangle is a consolidation pattern .
According to the pattern, a possible downside breakout is expected.
Watch the last 3 Candlesticks:-
16 April 2020 - Dragonfly Doji
17 April 2020 - Spinning Top
20 April 2020 - Long Legged Doji
All these candlesticks are neutral candlesticks .
INDUSIND BANK Descending TriangleTechnical Overview of INDUSINDBK: In the below chart, we can see the stock is trading near very crucial support i.e. 1350. On 16th April 2019, the stock has given confirmation of Double Top and from next day has given sharp fall till 1350. From support levels given bounce up to 1670 and made Lower High. Like this stock has started to trade in a Descending Triangle, and yesterday again took exact support from the same level. As per our view, we can buy INDUSINDBK here with the stop-loss of 1345 o
NSE IT Sector Looking Bearish with Descending TriangleHi Traders,
NSE IT Sector Looking Bearish with Descending Triangle as per chart.
Bearish View due to below point :
1) NSE IT Index forming Lower High & Lower Low.
2) NSE IT Index form Descending Triangle pattern on chart.
3) Heavy Weight stock of IT index like TC , Infy looking weak on chart.
4) TCS Faced resistance at higher level & got reversal to downward.
Important Support
1) 200 SMA placed at 15380 point
2) Support 1 at 15070 from where NSE IT index reversal in month of July
3)Breac























