A classic bearish flag pattern is clearly forming in Jupiter Life Line Hospitals Ltd (JLHL).
Pattern Analysis:
A to B: Sharp decline (flag pole)
B to C: Slight upward‑sloping consolidation (flag)
C to D: Projected breakdown direction
This is a textbook‑style bearish flag—a continuation pattern—implying that the prior downtrend is likely to resume.
Trade Setup (Short Side):
Level Price (approx.)
Entry Below ₹1,445 (breakdown candle close)
Stop LossAbove ₹1,485 (slightly above the top of the flag)
Target 1 ₹1,350
Target 2 ₹1,250
DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only.
Pattern Analysis:
A to B: Sharp decline (flag pole)
B to C: Slight upward‑sloping consolidation (flag)
C to D: Projected breakdown direction
This is a textbook‑style bearish flag—a continuation pattern—implying that the prior downtrend is likely to resume.
Trade Setup (Short Side):
Level Price (approx.)
Entry Below ₹1,445 (breakdown candle close)
Stop LossAbove ₹1,485 (slightly above the top of the flag)
Target 1 ₹1,350
Target 2 ₹1,250
DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.