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Bharti Airtel trend formed a Flag Pattern. It has steep pole with sideways movement. Also during the breakout it gave a bearish signal. Since it is a signal for Bearish, SHORT position can be created after the price crosses the flag area. The stop loss can be from flag bottom till the pole top. The target can be the same amount as Risk.
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Hi Ramesh sir,
In case of Flag pattern the breakout should happen in the same side of the flag. That means a positive flag should give positive and vice versa. In the above case it is a positive flag but the negative breakout has happened so we should not consider it as flag pattern.
Thanks Mohan. I will correct and update with the correct chart.