bullish pennant pattern trade setup

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granules : cmp 316

stock is trading with bullish pennant pattern .
usually trades are taken when upper price trend line is taken out with volume .
our trade can be initiated at lower price support trend line where its trading now .
we can extract the up move from this support zone too .
bullish pennant forms after a big up move of a stock to form pole .
followed by a corrective phase in a triangle similar to symmetrical one,
with higher lows and lower high respectively to form pennant.

trade set up :
1. buy till 310
2. keep stop loss as 288 on closing basis
3. targets : 335 / 353 / 374 / 404 /446 /500+++ long term pick
technical set up :
1. bullish pennant pattern
2. trend line
3. support & resistance
Giao dịch đang hoạt động
Ghi chú
329.70 high
Ghi chú
target 1 done
Ghi chú
344+ high
Ghi chú
349+ high
Ghi chú
355+ high
PennantSupport and ResistanceTrend Lines

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