TECH MAHINDRA FUTURES
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techmah

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A descending triangle is characterized by a flat support line and a descending resistance line. For a Buy setup, you are looking for a bullish breakout above the downward-sloping resistance line, often triggered by a trend reversal or a "failed" bearish pattern.

Entry Point: Buy above the upper descending resistance line (currently near ₹1,465) once a candle closes above it on the hourly timeframe.

Stop-loss: ₹1,430 (Placed below the flat support base of the triangle to protect against a breakdown).

Target: ₹1,530 (This aligns with major psychological resistance and recent swing highs).

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