India, Oct. 23 -- A descending channel is a bearish chart pattern formed by two parallel, downward-sloping trendlines connecting a stock's consecutive lower highs and lower lows. It indicates a sustained downtrend, with the upper trendline acting as resistance and the lower trendline as support. While the channel itself represents a steady downward trend, traders watch for two key outcomes: a breakout above the resistance line, which signals a potential bullish reversal, or a breakdown below the support line, which indicates an acceleration of the bearish trend. The above chart shows the clear formation of a descending channel chart pattern, and the price breakdown below the downward-sloping trendline is signalling a potential downtrend ...