The descending triangle chart pattern in Pidilite Industries Ltd. suggests a potential bearish trend. It forms with a horizontal support level and a downward-sloping resistance line. As price consolidates, if breakdown below the support may signal a further decline, indicating possible weakness in the stock. Traders often watch for a breakout confirmation.
Descending Triangle 60% continuation and 40% reversal.
Descending Triangle 60% continuation and 40% reversal.
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