Descending triangles are generally considered bearish patterns, as the consistent selling pressure (lower highs) often leads to a breakdown below support. However, breakouts in the opposite direction can also occur. Hence, Trading Strategy for Descending Triangle in Navin Fluorine International Ltd: 1. Bearish Scenario (Breakdown below ₹3,200): Entry: Short-sell if the price breaks below ₹3,200 with strong volume. Target: Measure the height of the triangle (₹3,700 - ₹3,200 = ₹500) and subtract it from the breakdown point: Target = ₹3,200 - ₹500 = ₹2,700. Stop-Loss: Place a stop-loss just above the breakdown point, around ₹3,300.
2. Bullish Scenario (Breakout above ₹3,600): Entry: Buy if the price breaks above ₹3,600–₹3,700 with strong volume. Target: Use the height of the triangle for the upside target: Target = ₹3,700 + ₹500 = ₹4,200. Stop-Loss: Place a stop-loss just below ₹3,500 or the breakout candle's low.
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.