Chart patterns just impressing me with the title stated above.
Reasons:
(with respect to weekly time frame)
1. Crompton is travelling(and respecting) in expanding triangle pattern.
2. Now, there is bearish flag formation and given breakdown with volume(shown in chart).
3. Breakdown candle is a bullish engulfing candle.
4. Purple line(315 level) can be considered for the target.(as it may turn to be a consolidation zone)
5. If purple line too broken(chances are high), then we can think about the next level target(will update)
6. Safe less risky SL can be Day candle closing above the flag(yellow line).
Let's wait and watch how it moves.
Note - Just Sharing my view....not a tip nor advice!!!