prakashgp

NIFTY in bear flag

Short
NSE:NIFTY   Nifty 50 Index
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1
NIFTY is currently in a bear flag after start of down trend. Which in most case results in continuation of downtrend.
You can either look for a short opportunities starting from 1) blue line, 2) mid line of channel and finally 3) the upper boundary of the channel Or once price breaks down from the bear flag and retests the pattern (bear trend confirmed).
If it manages to close above bear flag , then market will turn bullish
Trade closed: stop reached

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