SBICARD - Bullish Descending Triangle -Breakout - Wkly
SBICARD - Bullish Descending Triangle -Breakout - Wkly-
Name - SBICARD
Pattern - Descending triangle
Timeframe - Wkly
Status - Breakout
Volume - Very Good
Cmp - 800
Target - 930,1029, 1060 and 1256
SL - 765
A descending triangle consists of:
A descending trendline (resistance): As the price moves lower and posts lower highs, it will create a falling trendline
A horizontal trendline (support): This line represents a key level of support
Name - SBICARD
Pattern - Descending triangle
Timeframe - Wkly
Status - Breakout
Volume - Very Good
Cmp - 800
Target - 930,1029, 1060 and 1256
SL - 765
A descending triangle consists of:
A descending trendline (resistance): As the price moves lower and posts lower highs, it will create a falling trendline
A horizontal trendline (support): This line represents a key level of support
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