Explanation:
1. Stock forms the ascending channel. Now, which was broken.
2. Stock is in Downtrend from 2 Months and breaks the Long term ascending channel and also forms the Descending Wedge which looks strong bearish.
So that overall view is "Strong Bearish"
Take the position only after the Breakdown from the Descending Wedge.
1. Stock forms the ascending channel. Now, which was broken.
2. Stock is in Downtrend from 2 Months and breaks the Long term ascending channel and also forms the Descending Wedge which looks strong bearish.
So that overall view is "Strong Bearish"
Take the position only after the Breakdown from the Descending Wedge.