Bajaj Finserv has formed a descending triangle pattern, a bearish continuation pattern, where the stock's price has been making lower highs while the support level remains relatively constant. In the event of a breakout below the support level, around 1627, the price could potentially decline further towards the target of 1594 and 1580 levels. A breakdown from the descending triangle pattern may attract more sellers and result in a bearish sentiment, leading to a potential downward move.
