The script was forming a pennant pattern and has also crossed the resistance of 68. A clear indication of the breakout can be observed on the 1Hr chart.
Maruti Suzuki has formed a Pennant with a nice and long pole.
The pennant has unusually taken 7-8 months to form and has now appeared to be broken.
Its certainly working looking for a good entry point and then join this ‘SHORT’ ride!
Torrent Power, NSE has been in an uptrend for more than 3 years.
Following this uptrend, the stock has been consolidating for more than a year in the form of a pennant.
The Pennant now appears to be broken significantly!
Its certainly worth checking for the right entry point and then enjoy this LONG ride!
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Another Bullish Pennant Ready to Boost Bitcoin up to @10k . As mentioned in image the height of Pennant is the next target price , if it breakout. Normally Pennant formation is a continuous pattern, so there are more chances are for breakout in positive direction.
1)MONTHLY CHART
-The stock managed to close above its previous crucial resistance zone
-we saw a pennant breakout
-macd turned positive
-rsi at 59 needs to cross 63 for higher levels which will be achieved in the coming months
-if the stock manages to close above 1478 on monthly basis then we will achieve higher levels
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