Get started

Bearish Flag

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
Tech Mahindra | Weakness persistsTech 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 reversal, a strong break above 720 will be necessary. Or if the weakness continues and price falls below 690/700 the chances of Bear Flag target being achieved will go up significantly higher. (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:TECHM
by AkhilSuryaFS
Bearish Flag Breakout - Continuation Pattern - Risk Reward 1: 3Sell 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.
NSE:PIDILITINDShort
by Equity-Earningz
PRAJ INDUSTRIES LIMITED : Bearish Flag (Continuation Pattern)Exit Holding if : Closing Below 78.50 Stop-Loss : 85.80 Minimum Target Price : 53.25 Risk to Reward 1: 3.6 Of course, It's not a trading opportunity as we can not short sell this stock and make a profit. But Those who holding Prajind in their portfolio can exit and enter at a lower level again. It seems convincing enough to sell the stock based on his recent price actions. Because it has taken 50% Resistance Already and at present taking resistance of falling trendline and also formed a Bearish Flag Pattern.
NSE:PRAJINDShort
by Equity-Earningz
2
BankNifty : Sharks & Flags in Muddy Waters !BankNifty analysis is going to be real simple one. Bearish Flag formation, so what an ideal bearish flag will do ?! Breakout to downside. There are few things we need to take note here. The first one being the Bearish flag ( which I didn't enter yesterday) so if the shark is working then it will move up a little bit and today being expiry day, if a double side move happens it will be great. So first half of the day, I'm assuming the targets of sharks to be achieved and later by the day channel & Bearish flag comes into play with breakout, so being expiry day in Banknifty some movements within 100-150 points on either side will be nice or to be honest I'm expecting these. Few option traders believe they can make money in single expiry day, No it won't work that way. So never go All-in as if you are playing poker, Plan n trade carefully !
NSE:BANKNIFTYShort
by InsiderB
11