Spicejet Daily chart Descending Triangle

Spicejet, on its daily chart, is making lower highs and has taken support multiple times at levels of 82. This has resulted in the creation of a descending triangle pattern. A daily closing, with increased volumes, below 82 will confirm the breakdown of this descending triangle pattern. The target for the short side is the next support at around 69-70. EMA, RSI, and MACD may be used for further confirmation.