SBICARD - Bullish Descending Triangle -Breakout - Wkly

SBICARD - Bullish Descending Triangle -Breakout - Wkly-

Name - SBICARD
Pattern - Descending triangle
Timeframe - Wkly
Status - Breakout
Volume - Very Good
Cmp - 800
Target - 930,1029, 1060 and 1256
SL - 765

A descending triangle consists of:

A descending trendline (resistance): As the price moves lower and posts lower highs, it will create a falling trendline
A horizontal trendline (support): This line represents a key level of support