Pennant Breakout | TEJAS NETWORKS 🌐

TEJASNET daily: Looks good for more upside at CMP

1) Pennant Pattern BO

2) Optical and data networking products company

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.

Trade active:

Target 1 done

Trade active:

Both targets done but it can be carried for much longer

Comment:

120% in just 2 Weeks