rrajesh145

PEL form PENNANT pattern

rrajesh145 Updated   
NSE:PEL   PIRAMAL ENTERPRISE
Expecting breakout for go Long .

  • Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis.
  • It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume.

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Trade active:
Gave breakdown and trade is active

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