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- Falling from a breakout with good volume. - Created a downside flag pattern on 15 min charts and broke out of it with volume - Simple analysis, easy to understand

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- Gap - Neck line Support - Trend line support - Flag pattern - Volume confirmation Wait for the breakout from this major support, after breakout it can fall fast

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The stock is falling and can touch the channel support line first, and if falls below the support, may touch the marked targets. RSI is Divergence - When price moves higher but indicator is not able to follow the same movement, this shows weakness in the movement, the stock has moved higher than previous highs but RSI was not able to follow the same (i.e. it is...

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A shooting star is interpreted as a type of reversal pattern presaging a falling price. Here the shooting star is formed at a resistance and after a gap up opening, which makes it even more bearish.

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Bearish Engulfing candlestick pattern at resistance with volume confirmation.

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Eicher motor is standing at a resistance on weekly charts

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Simple Chart with strong implications - - Resistance - Bearish Engulfing Pattern - Volume Confirmation - RSI oversold

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Disclaimer - Risk cannot be separated from reward, unlike humans they are loyal to each other. Tech Mahindra has made a bearish engulfing pattern today on daily charts with volume confirmation (volume on the engulfing candle was higher than previous candle and average volume), the pattern is at a channel resistance. This can be shorted with SL 648.25 and target 551

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Disclaimer - There is no such thing as return without risk, the risk and reward are bound together with an eternal bond. A pennant pattern is similar to flag where after a steep movement with increased volume, the stock consolidates in a small triangular format where the volume decreases significantly, and after the breakout with volume the stock moves in the...