- There was sharp decline after Bearish Engulfing made on 20-05-13.
- Decline halt on 20-06-13 for few weeks, and started trading in a range.
- Consolidation takes place in the middle of the downtrend.
- Consolidation completes between 3- 4 weeks.
- The Second Rally in the Consolidation phase , fails to touch the previous high & reaction sets in.
- On 16-07-13, the long Black candle sifts through the lower trend line and closed beyond it, furthermore next day, a long black candle is formed which take the move down by more than 2% , which confirms the true breakdown from the Flag pattern.
- A Pull back came in for 3-4 days after break down from the lower parallel flag line
- A shooting star pattern develops at the last day of pullback, & thus next day a gap down opening took the move further in the continued downtrend.
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