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Bearish Flag

SHORT - Bearish Flag at Trendline Resistance - Risk/Reward 1:5Short < 1338 Stop-loss > 1403 Target 1000 Risk/Reward 1:5 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 confirmed the daily time frame trend as down. Looking at the Weekly time frame price is already in a downward trending channel. It took resistance at the upper channel line of the channel and fall back. Also, the 0.382 Fibbo retracement level of the ongoing downtrend on weekly acted as a resistance.
NSE:PELShort
by Equity-Earningz
6
PEL : Trade SetupNSE:PEL Hi Traders, 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 Analysis * Stock has broken trend line. * Stock has broken support line. * Developed bearish flag pattern. * Retracement of flag is less than 50% of its Pole. Sell Level Current price level Target Level TP1= 1143.20 TP2= 1044.10 ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some feedback below in the comment! This would give us encouragement to keep sharing our ideas here on this platform. ###Learn To Earn### * This analysis is educational/learning purpose only. * Trade at your own risk. Trade well, **********************************************************************************************************************************
NSE:PELShort
by vimal.kr.pathak
6
Nifty - Where to short a Pullback?#Trendfollowing 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 Whether to short options or short futures is entirely depends as per your money management and risk appetite, but don't buy PE's expecting for a huge gain. Which level is best to short depends on how the price is approaching a particular level. These are not touch and trade levels. So we need to watch price action before trading. If you have any doubts about the above, do let me know in the comments.
NSE:NIFTYShort
by Equity-Earningz
2
Nifty down trend in coming weeks1) 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 fibnocci level of 1) Once Nifty breaks the channel support it will fall down.. Pls hit like and comment...
NSE:NIFTYShort
by Varthagam-Seivom
Tata Motors | Bear FlagTata 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. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:TATAMOTORS
by AkhilSuryaFS