India, Oct. 21 -- A descending triangle is a bearish chart pattern that signals a potential continuation of a downtrend or a bearish trend reversal. It forms when the stock's price makes a series of lower highs while repeatedly bouncing off a horizontal support level. The pattern creates a triangle shape where the sloping upper trendline reflects increasing selling pressure. Once the price breaks down below the horizontal support line, it confirms the pattern, suggesting sellers have taken full control and the price is likely to decline further.

Trident Ltd Chart: Weekly Timeframe The above chart shows the clear formation of a descending triangle chart pattern, and the price breakdown below the key horizontal support trendline signals a ...