Mphasis Pennant Pattern Breakout!
A Pennant Pattern Is A Continuation Chart Pattern, Seen When A Security Experiences A Large Upward Or Downward Movement, Followed By A Brief Consolidation, Before Continuing To Move In The Same Direction.
Buy Above ~ 2270, Wait For 15 Minutes Closing Basis With Stop ~ 2190, Target ~ 2380, 2550 Short Term Trade Setup.
Buy Above ~ 2270, Wait For 15 Minutes Closing Basis With Stop ~ 2190, Target ~ 2380, 2550 Short Term Trade Setup.
Trade closed manually
Trade Closed At ~ 2380, Captured ~ 110 Points.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.