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Pennant

BULL PENNANT PATTERNSimilar to flags, both the bull and bear pennants consist of three main elements: The flagpole - the asset’s price must trade higher in a series of the higher highs and higher lows; Pennant - a consolidation phase takes place between the two converging lines; A breakout - a break of the upper trend line activates the pattern, while a break of the supporting line invalidates the formation. As not one market move happens in a straight vertical fashion, the dominating side must play a tactical
BSE:SAILLong
by DalalStreetTrader
15
TATA STEEL LOOKING BULLISHTATA STEEL(D): Bullish penant breakout candidate, trading above 20 & 50 day EMA (shot-term)Bullish, RSI indicating price strength, macd is above center, ADX & MFI are very bullish. Chart is self-explanatory. I am not an expert, i am still learning. In the fast few months i have been analyzing/ practising charts in my leisure time, as we know practice makes a man perfect. If there's any mistake in this chart, do let me know, i am ready to learn from my mistakes, if you love it, do like it, as it
NSE:TATASTEELLong
by Chinmayonniftyy
GICRE - Expecting minimum 50% returns General Insurance is in a Pennant Pattern with a consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also con
NSE:GICRELong
by PrakWorld_Traders