BPCL | Bear FlagBPCL 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.
Bearish Flag
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.
Arvind Limited : Sell Below 320 : Bearish Flag PatternSell Arvind Below 320
Stop-loss 336
Target 242
Risk 5% & Reward 24.38%
RR 1 : 4.88
Nifty 50 bearish Flag on 1 DayBearish flag in NIFTY 50 chart also level it came down towards 9500 9400 9300 may hit in upcoming sessions
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.
#AUROPHARMA - Bearish FlagAUROPHARMA has formed bearish flag pattern on daily chart. Weak below 689 & there is a strong support seen @ 665.
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 !
