A Descending triangle has been formed, the only concern is the previous trend before the descending triangle was upwards, hence I want to see whether this pattern still holds true even if it formed in an uptrend.
If closes below 295, can see levels upto 280.
Further as per daily charts on Sep 19, a bearish engulfing was formed which shows that the stock is expected to touch 293 levels.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
If closes below 295, can see levels upto 280.
Further as per daily charts on Sep 19, a bearish engulfing was formed which shows that the stock is expected to touch 293 levels.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.