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Bearish Flag Scanner
| Code | Price | Chart Patterns | Chart | |||||
|---|---|---|---|---|---|---|---|---|
| ANGELONE | 305.0 | [Bearish Flag Pattern] | ||||||
| AXISBANK | 1246.0 | [Bearish Flag Pattern] | ||||||
| CRISIL | 4697.9 | [Bearish Flag Pattern] | ||||||
| GVT&D | 4548.1 | [Bearish Flag Pattern] | ||||||
| GOKEX | 785.5 | [Bearish Flag Pattern] | ||||||
| IOB | 33.07 | [Bearish Flag Pattern] | ||||||
| INDUSTOWER | 388.0 | [Bearish Flag Pattern] | ||||||
| ONESOURCE | 1592.2 | [Bearish Flag Pattern] | ||||||
| PCBL | 331.05 | [Bearish Flag Pattern] | ||||||
| QUESS | 348.0 | [Bearish Flag Pattern] | ||||||
| TATACOMM | 1761.6 | [Bearish Flag Pattern] |
Bearish Flag Scanner
What is a Bearish Flag?
Bearish Flag is a continuation pattern that appears during a strong downtrend. It represents a brief consolidation (flag) after a sharp downward move (flagpole), followed by a potential continuation of the bearish trend once price breaks below the consolidation zone.
How the Bearish Flag Pattern Forms
- Price experiences a strong and sharp downward move forming the flagpole.
- Market enters a small upward or sideways consolidation channel.
- Buyers attempt a temporary recovery but lack strong momentum.
- Volume often decreases during consolidation.
- A breakdown below the flag support confirms bearish continuation.
Trading Strategy
- Wait for a confirmed breakdown below the flag support zone.
- Enter short positions after breakout confirmation.
- Place stop-loss above the upper boundary of the flag.
- Measure flagpole height to estimate downside target.
- Use volume expansion on breakdown for stronger confirmation.
Advantages
- Helps identify strong continuation of bearish trends.
- Provides clear entry, stop-loss, and target levels.
- Works effectively in volatile and trending markets.
TSR Scanner Features
- Real-Time Alerts: Detects breakdown from flag patterns instantly.
- Fine-Tune Filter: Combine with volume and TSR strength index for accuracy.
- Custom Tracking: Monitor selected stocks or watchlists.
- Backtesting Capabilities: Analyze historical flag breakdown performance.
- Flexible Timeframes: Works across multiple chart intervals.
- Auto Refresh: Keeps scanner updated continuously.
Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option
Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.
