Hello everyone,
I am sharing my Idea for Reliance Industries. Reliance is about to make " Pennant" Bullish breakout pattern in a day time frame. we Just need confirmation.
What is Pennant Pattern?
Pennant is a short-term continuation pattern. It is created when there is significant price movement in the stock, i.e. strong volume rally on the back of positive fundamental development followed by several days of narrowing price consolidation in the stock on light volumes. Finally a fresh breakout is observed in the direction of the prevailing trend with a surge in volumes once again. The duration of the pattern is usually a few weeks. The pennant is in effect a very small triangle.
The technical price target for a pennant is arrived at by computing the height of the flag pole and adding it to the eventual breakout point after consolidation.
I am sharing my Idea for Reliance Industries. Reliance is about to make " Pennant" Bullish breakout pattern in a day time frame. we Just need confirmation.
What is Pennant Pattern?
Pennant is a short-term continuation pattern. It is created when there is significant price movement in the stock, i.e. strong volume rally on the back of positive fundamental development followed by several days of narrowing price consolidation in the stock on light volumes. Finally a fresh breakout is observed in the direction of the prevailing trend with a surge in volumes once again. The duration of the pattern is usually a few weeks. The pennant is in effect a very small triangle.
The technical price target for a pennant is arrived at by computing the height of the flag pole and adding it to the eventual breakout point after consolidation.
Telegram: t.me/Virendrapandey81
Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
YouTube: youtube.com/@codeviser
Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
YouTube: youtube.com/@codeviser
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
Telegram: t.me/Virendrapandey81
Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
YouTube: youtube.com/@codeviser
Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
YouTube: youtube.com/@codeviser
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。