Descending Triangle pattern has been observed in JSW steel
A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows.
Since 13th of May this stock is making lower highs against taking the consistent support at horizontal line.
Pro Tip :- Once this stock break down its level of Horizontal line, which is created at 163. We expect a good falling rally till 155. where it has already taken support previously.
Thanks
Sagar
Since 13th of May this stock is making lower highs against taking the consistent support at horizontal line.
Pro Tip :- Once this stock break down its level of Horizontal line, which is created at 163. We expect a good falling rally till 155. where it has already taken support previously.
Thanks
Sagar
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