IPCALAB

- Time to Exit - Bearish Pennant Formation

This is a trend continuation pattern we call as pennant. It resembles the triangle but is usually seen after a pro longed up or down move

is witnessing the same and a break below 1430 can move stock to 1270 while a break above 1490 can signal a bullish reversal. Either way, what we need to learn is price compression within a pattern that helps in lower risk and higher reward