Following the decline, the price entered a consolidation phase, trading between ₹300 and ₹320 for several days, forming the flag.
The price then breaks below ₹300 with higher volume, confirming the bearish flag pattern.
Traders interpreting this pattern might anticipate further decline in Biocon's stock price and consider short-selling opportunities or adjust their investment strategies accordingly.
The price then breaks below ₹300 with higher volume, confirming the bearish flag pattern.
Traders interpreting this pattern might anticipate further decline in Biocon's stock price and consider short-selling opportunities or adjust their investment strategies accordingly.
註釋
SL hit
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