A DOWN TREND ALWAYS LOOKS LIKE A DOWNTREND
Patterns are the pictorial representation of the psychology behind the market participants. Whether it is a channel, rectangle, expanding triangle , contracting triangle. The charts shows how a downtrend prevailing in the stock coal india since few years. All the patterns formed are of a berish note & the trend continued.
The current structure also forming a contracting triangle which is also a bearish type of pattern.
The current structure also forming a contracting triangle which is also a bearish type of pattern.
Manish Bhardwaj (CMT L-1)
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