Pennant Breakout | STEEL AUTHORITY OF INDIA LIMIRED 🔩

SAIL daily: Looks good for more upside at CMP

1) Pennant Pattern BO

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