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Pennant pattern formed in Adani Enterprises

ADANI ENTERPRISES (NSE:ADANIENT)  
UnknownUnicorn9888727  
NSE:ADANIENT   ADANI ENTERPRISES
Pennant Triangle ADANIENT
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pennant triangle adanient
  • Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis.
  • It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume.
  • Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation.

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