Observed a bearish flag pattern in the charts of Asian paints, Steps taken to confirm the pattern to be a bearish flag are given below.
1) Visible pattern resembling a flag,
2)The pole is steep, and the body is formed in a week.
3) volume is high during breakout.
4) Break-out is observed as expected on the same side.
So it is safe to assume a short position in the verge of the breakout.
Also observed that the bearish flag is seen in the verge of trend reversal, indicating a bearish momentum.Short positions can be takenafter the breakout position.