This post focuses on customizable factory scans associated with Bearish Flag classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
Display recent Bearish Flag classical chart patterns
Tags: Bearish Flag pattern; Confirmed bearish flag pattern
List symbols where pattern is Bearish Flag Pennant
Add Column Bearish Flag Pennant Status as Status
Add Column Bearish Flag Pennant Target as Target
Add Column Bearish Flag Pennant Date as Date
Apply to NSE
Plot
This scan identifies NSE symbols that have recently formed a Bearish Flag pattern.
The scan output report shows the current status of each pattern, indicating whether it is confirmed, unconfirmed, or if the target has been reached.
Additionally, it includes the target level for the Bearish Flag and the date when the pattern was triggered.
Confirmed Bearish Flag classical chart patterns
The following scan identifies confirmed Bearish Flag patterns.
List symbols where pattern is Bearish Flag Pennant
and FLAGPENNANTBEARSTATUS = Confirmed
Add Column FLAGPENNANTBEARSTATUS as Status
Add Column FLAGPENNANTBEARTARGET as Target
Add Column FLAGPENNANTBEARDT as Date
Apply to NSE
Plot
For insights into the Bearish Flag classical chart pattern, including the psychology underlying the pattern, and how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.