Jainshashwat

Pennant Pattern

Long
NSE:RELIANCE   RELIANCE INDS
In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.

Script = Reliance
Time Frame = 15 min

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