Pennant Breakout | STEEL AUTHORITY OF INDIA LIMIRED 🔩
SAIL daily: Looks good for more upside at CMP
1) Pennant Pattern BO
A pennant is a type of continuation pattern formed when there is a large movement in a security, followed by a consolidation period followed by a breakout movement in the same direction as the initial large movement.
The initial move is met with large volume while the pennant have weakening volume
1) Pennant Pattern BO
A pennant is a type of continuation pattern formed when there is a large movement in a security, followed by a consolidation period followed by a breakout movement in the same direction as the initial large movement.
The initial move is met with large volume while the pennant have weakening volume
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