TECHM — Descending Triangle
Tech Mahindra Limited · A flat floor with a falling ceiling — sellers accepting less each time until the support gives way.
Descending Triangle · Daily candles
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.
| Stock | TF | State | CMP | Trigger | Away | Target | Touches |
|---|---|---|---|---|---|---|---|
| UBLUnited Breweries Limited | Weekly | Bearish | ₹1,279 | ₹1,276 | 0.2% | ≈₹812 (-37%) | 4 |
| AVANTELAvantel Limited | Daily | Bearish | ₹155 | ₹154 | 0.3% | ≈₹141 (-9%) | 8 |
| GILLETTEGillette India Limited | Weekly | Bearish | ₹7,312 | ₹7,248 | 0.9% | ≈₹5,514 (-25%) | 4 |
| BRITANNIABritannia Industries Limited | Weekly | Bearish | ₹5,102 | ₹5,046 | 1.1% | ≈₹4,152 (-19%) | 4 |
| ONGCOil & Natural Gas Corporation Limited | Daily | Bearish | ₹235 | ₹231 | 1.4% | ≈₹180 (-23%) | 4 |
| ONGCOil & Natural Gas Corporation Limited | Weekly | Bearish | ₹235 | ₹231 | 1.5% | ≈₹191 (-18%) | 4 |
| TORNTPHARMTorrent Pharmaceuticals Limited | Daily | Bearish | ₹4,857 | ₹4,781 | 1.6% | ≈₹4,205 (-13%) | 7 |
| TCITransport Corporation of India Limited | Weekly | Bearish | ₹868 | ₹855 | 1.6% | ≈₹691 (-20%) | 6 |
| TRENTTrent Limited | Daily | Bearish | ₹2,853 | ₹2,805 | 1.7% | ≈₹2,253 (-21%) | 4 |
| UTIAMCUTI Asset Management Company Limited | Daily | Bearish | ₹881 | ₹865 | 1.8% | ≈₹795 (-10%) | 4 |
| NFLNational Fertilizers Limited | Weekly | Bearish | ₹70.51 | ₹69.24 | 1.8% | ≈₹54.79 (-22%) | 8 |
| HAVELLSHavells India Limited | Weekly | Bearish | ₹1,154 | ₹1,129 | 2.1% | ≈₹791 (-31%) | 6 |
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.
