India, Oct. 26 -- A descending triangle is a bearish chart pattern used in technical analysis that signals a potential downward price breakdown. It forms when a stock's price repeatedly bounces off a flat horizontal support level at the bottom while creating lower price highs along a sloping downward trendline at the top. The pattern formation shows that sellers are becoming increasingly aggressive and pushing prices down faster after each rally. The pattern is confirmed when the price breaks decisively below the horizontal support line. Traders typically use this breakdown as a sell signal or an opportunity to enter a short position. Cholamandalam Financial Holdings Ltd

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The above chart shows the ...