India, Oct. 23 -- A descending channel is a technical chart pattern created by drawing two parallel downward-sloping lines that connect a stock's consecutive lower highs and lower lows. The formation of the pattern indicates that the price is in a steady downtrend, oscillating between the upper resistance trendline and the lower support trendline. While traders generally see this pattern as a continuation of the bearish trend, a breakout of the price from the upper resistance trendline indicates possible bullish momentum in the near term. The above chart shows the clear formation of a descending channel chart pattern, and the price breakout above the downward-sloping upper trendline is signalling the probability of a change in trend dire...