OLAELEC — Descending Triangle

Descending Triangle · Weekly candles

Bearish

Formation Descending Triangle

StateForming

Building since2026-07-05

Boundary touches8

Upside trigger₹40.81

Downside trigger₹36.06

Away from trigger2.5%

Target if it triggers ≈₹25.10 -32%

The shaded band is the formation. On tops and bottoms the indigo line traces the shape itself — up into the left shoulder, over the head, and away from the right — and the dashed line is the neckline it has to break; on triangles, wedges and channels the two solid boundaries are the pattern. Triangle markers are the swing highs and lows those lines were fitted through, and the dash-dot line is the measured-move target once the pattern has broken.

Trigger. A daily close below the flat support line, usually with a clear pickup in volume.

Target. Take the height of the triangle at its widest and project that distance down from the breakdown level.

Invalidation. A close back above the falling resistance line, which says the sequence of lower highs has ended.

See every descending triangle found today →

How these are found: swing highs and lows are picked out with a percentage ZigZag on daily and weekly candles, and the boundaries are line-fitted through those swings. A formation is only published when the fit is tight, the boundaries are actually touched several times, and the price action stays inside them. The most recent swing is provisional, so a forming pattern can still change shape on the next candle, and patterns whose break already played out are dropped rather than shown as fresh. Levels and targets are the textbook measured moves, not forecasts. This is auto-generated market data, not investment advice.