sumedhb100

RATEGAIN forming bullish continuation pattern

Long
sumedhb100 Updated   
NSE:RATEGAIN   RATEGAIN TRAVEL TECHN LTD
RATEGAIN is forming a bullish pennant pattern after breaking out from double bottom i.e. trend reversal pattern. Few weeks earlier it rose sharply after breaking double bottom pattern and now this vertical rise can be considered as flag. The stock is now consolidating, volumes are also drying and moving eastside towards apex point of pennant. Intraday traders and Swing traders can keep eyes on this, as it may breakout anytime. Once you see volume picking up, one can enter.
Trade active
Trade closed: target reached:
T1 achieved.
Trade closed: target reached:
T2 achieved.

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.