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A Bearish pennant in Lead suggesting something

What is pennant pattern? 

A pennant pattern is a continuation pattern in technical analysis. After a sharp fall or rally you will find a pole in the top or bottom after a consolidation you will see a triangle in the top or the bottom. There after you have to wait for the breakout. if it found in the top then you should wait for the resistance breakout if you found pennant you have to wait for support breakout. 

Normally pennant give us positional call and short term calls. you will have to check daily charts normally fir this kind of pattern.

For more detail about these kind of pattern join NIFM, call 01145646322, 9910300590

Lead is forming pattern which is called a bearish pennant also. Today Key support would be at 115.80 and Resistance is now seen near 118.45.

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