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TheDayTrader1010
Jun 30, 2021 5:15 PM

Sail Descending Triangle  Short

STEEL AUTHOR INDIANSE

Description

On a Daily Time Frame, Sail is Forming a very beautiful Descending triangle pattern. Currently trading at the resistance of the trend line. Might see a fall for next few sessions and a good fall after the successful breakout. Keep a close watch.
Comments
TheDayTrader1010
As Analyzed, the same trendline has acted as a resistance and the bottom line acted as the support. Despite good increase in the prices, the stock is failing to continue the bull momentum; indicating bears are highly active. Can be a good opportunity for Swing Trade.
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