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" Happy Trading Jai Hind Dhiraj Singh Bais Warrior @ Battle field
Overall market sentiment are bearish for COVID-19 and recent info-China tension would accelerate the bearish flag pattern with volume confirmation. Let’s see how early trend falls.
Let’s see what happens, bearish flag indicates the price will fall but RSI divergence tells another story, it will invariably fall but let’s see how much it goes up before fall.
1) Facing strong resistance at 15-154 levels 2) Bearish below 145 on daily closing basis, may move towards 135. 3) Bullish above 154
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.
I think there's a bearish flag pattern forming in NSE:M_M Correct me if I am going wrong as I am a noob in technical analysis.
#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...
pnb flag support now at where it is , resistance 64 69 next 35/40 27
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. (Disclaimer:...
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...
BPCL breaks down after a period of consolidation. Apparently, price action is showing a Bear Flag pattern, which will be confirmed if the running candle closes below 376.40. Target of the pattern comes in at 334 levels.
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...
Sell Arvind Below 320 Stop-loss 336 Target 242 Risk 5% & Reward 24.38% RR 1 : 4.88
Bearish flag in NIFTY 50 chart also level it came down towards 9500 9400 9300 may hit in upcoming sessions
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...