Descending Triangle

LT - Descending Triangle Breakout Confirmed It is been observed that the price action formed a descending triangle on daily chart and today's price action confirmed the breakout to upside as it reached above the highs of the previous day. It shall now move further up 1500, 1520, 1540 levels. Target: 1540 Stoploss: 1450

Nifty Breaking Decending Triangle (8200 levels Next)It is been observed that the price action forming a descending triangle on daily chart, and now it finally breaks out . from a strong support levels of 8550, indicating a strong weakness and bearishness ahead. Now it shall go further down and shall reach to 8200 levels. Target: 8160 Stoploss: 8690 Risk Reward: 1:3

JETAIRWAYS - BREAKOUT DESCENDING TRIANGLE (SELL)It is been observed that the price action broke out of the Descending Triangle on daily chart after a short consolidation highlighted in blue. That breakout made a Lower Lows at 453 levels from previous Lows made at 477, therefore it indicated bearishness. Now, the price action has made a New Lower Low at 448 levels, signaling higher weakness and prices fall ahead. Target: 400 Stoploss: 505 Risk Reward: 1:1

Idea - Breaking Out Connection from Descending Triangle It is been observed that the price action is trending down on daily chart. Now, the price action is breaking out from a Descending Triangle, indicating bearishness and selling pressure. Target: 79 Target 2: 78.50 SL: 80.50

Nifty : Lieutenant's, Airspace & Runway Clear - Lets TakeOff !Howdy Everyone, I'm biased today !!! From the title itself you will be knowing that Nifty is on Bullish mode, yes true. Yesterday we had Descending triangle pattern & I mentioned that upmove is not gonna happen yesterday. But its time Now, as we have clear Airspace & Runway, Let's signal the Nifty to take off. I'm expecting around 70-100points gap up, big one but its fine even if its 50pts Gap up. probably Nifty will open above triangle trendline {aggressive entry}, if opens with triangle & bre

IFCI (Industrial Finance Corp. of India) Investment Call !!Industrial Finance Corp. of India (IFCI) on monthly chart forming a descending triangle. Once it breaks out above 30, it shall be considered as great long-term investment opportunity. Publishing it now to provide you an opportunity in advance, hope you gain something out of it. Regards.

Reliance : Who will win ? Support or Descending Triangle ?Its a Game between triple restest of support zone & Descending triangle. Whether this support holds & send price back up or descnding triangle breaksdown, let's wait n enter the trade in Reliance. Happy Trading !