BEAR FLAG NIFTY

The bear flag pattern is a bearish continuation pattern that signals the potential continuation of a downtrend1
. Here's how it works:

Flagpole: The pattern starts with a sharp decline in price, forming the flagpole1
.

Flag: After the decline, the price enters a consolidation phase, moving sideways in a flag-like shape1
.

Breakdown: If the price breaks below the lower boundary of the flag, it confirms the pattern and suggests that the downtrend will likely continue