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Equity-Earningz
Dec 28, 2018 8:10 AM

Bearish Flag Breakout - Continuation Pattern - Risk Reward 1: 3 Short

PIDILITE INDUSTRIENSE

Description

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.



Trade active

Trade closed: stop reached

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