India, May 13 -- A descending triangle is a bearish continuation pattern marked by lower lows and a flat/inclined support line; breaking below the support line strengthens the bearish outlook.

The chart shows a confirmed bearish breakdown from a descending triangle pattern below the key support level, backed by a surge in selling volume. On Tuesday, Titan Company Ltd broke the support neckline and sustained a level below the Rs 4,095 level, which is now acting as a resistance zone in the 15-min. chart, reinforcing its bearish momentum.

In a descending triangle pattern, traders typically target the nearest support breakdown level or project a price move equal to the triangle's height from the breakdown point, while using strong selling ...