Zeel has broken its weekly support level and formed a bearish flag pattern or you can also call it a retest to that zone also.
P.S : Trade at your own risk, Conuslt your financial advisor before taking this trade and i would not be responisble for any of your losses.
Short < 1338
Stop-loss > 1403
Piramal Enterprise - Price broke the upward trendline on 4th September and pullback but faced trendline resistance at 1403 and fall back. Price made a bearish flag and breakout of the same is a shorting opportunity.
On a daily chart, the price made a lower high followed by a recent lower low and that...
PEL is in sell zone and it is moving in downward direction with a bear flag. A bear flag pattern provides an extension/continuation to an existing downward trend.
* Stock has broken trend line.
* Stock has broken support line.
* Developed bearish flag pattern.
* Retracement of flag is less than 50% of its Pole.
\I am a newbee nd publishing my veiws first time....
This stock is forming a "Cup and Handle Pattern" and it's also showing a breakout
nd u can also call it a "Bearish Flag Pattern breakeout" ....
.....so if anyone wanna trade it....
....ALL THE BEST.....
TRADE IT AT YOUR ON RISK....
Levels as mentioned on the chart
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Dhiraj Singh Bais
Warrior @ Battle field
I always do analysis on price action, seeing nifty bank getting prepare for down side trend is expected as its created a Bearish Flag Pattern, Critical level 19340-18940, If 18940, broken and sustains below in 1hr duration then get ready for an down trend.
After the craziest fall, nifty is pulling back. So where to short a pullback?
A - Bearish Flag Breakout
B - Price Percentage Change Projection
C - Traditional Price Range Method
D - Retracement Levels...
1) Nifty is in consolidation mode near channel support.
2) consolidation happening In previous supply zone and trying to break supply zone..
3) Nifty formed bearish flag pattern...
4) In day chart Nifty swings between .5 and .618 of FIB Levels (11627.55 to 11510), if breaks
11510 the target will be 11130 ( as per confirmation of major support of candle and...
Tata Motors, which has been already week on the back of Brexit and JLR performances has traded along a bearish Price action recently. Apparently we could observe a Bear Flag pattern which suggests a very deep drop in price. According to the pattern the stock is set to fall to 125 and that is a big 25% fall. Noticeable supports are at 160 and 152.
Tech Mahindra appears weak in chart. Earlier there was a Double Top pattern and currently we could see a valid Bear Flag pulling price downwards. Now that the stock is hovering around double top target levels of 700, which also being a round number the stock might pick it as a support and perform some recovery.
However, the recovery to be considered as a trend...