Bearish Flag – Axis Bank

Hi,
Good attempt… Try to find a more appropriate flag pattern.

Identifying the flag pattern is an easy job if you have the right trading conditions.
Now is the time to go through the flag chart pattern strategy step-by-step conditions for the bearish flag pattern or Inverted flag pattern
A bearish flag pattern forms when the price falls sharply, then moves sideways. This sideways movement can be considered as a flag and volume should be low during the sideway movement meanwhile volume should be high during the breakout day.
Don’t consider a single-day steeper pole.
Duration of the sideways movement of the flag cloth is 4-7 days.

Trade Plan for bearish flag pattern-
Your entry should be just below the breakouts of the consolidation
Set a stop loss just above the flag formation
Your target should be based on the height of the flag.