Bharat Gears Limited
Panjang

Monthly Descending Triangle & False Breakdown

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A descending triangle on the monthly chart shows lower highs converging toward a flat support, reflecting mounting seller pressure and key institutional interest at the horizontal base

The red counter trendline highlights corrective rallies within the broader down-sloping resistance.

The red demand zone marks where significant buying absorbed prior declines, offering a structural support area.

The white box illustrates a false breakdown below support—a liquidity-grab that shook out weak hands before a swift recovery—demonstrating how professional traders engineer stop-hunts to secure favorable entry levels.

This interplay of pattern, trendlines, demand zone, and false breakdown underscores how market structure and institutional tactics shape price action—key for informed, risk-defined decisions.

Disclaimer: For educational purposes only. Not investment advice. Risk management and independent research are vital.

Penafian

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