Bearish Flag Breakout - Continuation Pattern - Risk Reward 1: 3
Sell Pidilitind below 1101.85
Stop 1127.50
Target 1025
Risk 2.33% & Reward 7%
Riks Reward Ratio 1: 3
Bear flags are favored among technical traders because they almost always lead to large and predictable price moves. Like all continuation patterns, bear flags represent little more than a brief lull in a larger move lower. Indeed, in many cases, the flag pattern will actually take shape in the middle of the ultimate move lower.
Stop 1127.50
Target 1025
Risk 2.33% & Reward 7%
Riks Reward Ratio 1: 3
Bear flags are favored among technical traders because they almost always lead to large and predictable price moves. Like all continuation patterns, bear flags represent little more than a brief lull in a larger move lower. Indeed, in many cases, the flag pattern will actually take shape in the middle of the ultimate move lower.
Trade active
Trade closed: stop reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.