360ONE

descending triangle

The stock is forming a descending triangle in which the upward trendline is sloping downwards Putting pressure on the stocks high, while a horizontal line is providing a support. The overall range is now between 1120 to 1050. A break below 1050 will take a stock towards lower level of nine fifty, while if it breaks on the upside above 1120, the stock can rally to 1210