ASAHIINDIA breakout of pennant pattern

If we take a look at weekly chart of ASAHI INDIA GLASS, it is going in smooth uptrend. In daily chart, it had formed double bottom pattern on weekly support trendline. After breaking out of this trend reversal pattern, the neckline was retested twice. While retesting the neckline, stock was forming pennant pattern in hourly chart. Today it came to apex point of pennant and price went upward sharply on the back of volume. So swing traders can find opportunities to enter this stock on pullback. Target price of Pole and Pennant pattern is coming around 540. Add this stock in watchlist without fail.

Trade ist aktiv

Trade geschlossen: Stop wurde erreicht:

SL hit after almost achieving T1