Bharti Airtel, A Decending Triangle pattern about to breakout for downtrend

#1
Bharti Airtel Very Close to Breakout

BHARTIARTL-1M
on 10-10-2008
Closing Price: 696.8500


A Descending Triangle pattern formed indicating a possible trading opportunity. A Descending Triangle is bearish. It is usually (but not always) preceded by a downtrend. The probabilities favor a continuation of the prevailing trend. An aggressive trader wanting to front-run a confirmed breakout signal may place a sell-stop for entry at 642.75 or Keep this stock on your radar for breakout for downtrend
 
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