Date : 19/05/2023 Chart Pattern : Descending Triangle Breakout. Time Frame : Weekly Chart CMP : 619.6 (Buy on Closing Above 624) Targets : 869 (3 Months) Stop Loss Level : Closing Below 560
Descending Triangle Breakout A regular descending triangle pattern is commonly considered a bearish chart pattern or a continuation pattern with an established downtrend. However, a descending triangle pattern can also be bullish, with a breakout in the opposite direction, and is known as a reversal pattern.
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