Flag with in Flag , One of the most common pattern for trained eyes in the stock market ,
Its compressed for spring action ,
This kind of pattern is having a very typical behavior , they brake out and start running
Any Brake of Friday high one can look for Going long , for safe entry Go with EOD confirmation
My forecast for this trade is Minimum 180 +
Trade Idea: Short Equitas below 127.5
1) Head and Shoulder on the Daily with neck-line at 127.5-128
2) Strong move lower of 4.5% creating a dark cloud candle
3) Moving Averages above the head of the candle and not too extended
For educational Purpose Only
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.