RANE BRAKE LINING - RBL(NSE) | BULLISH PENNANT

RANE BRAKE LINING - RBL(NSE) has been forming a Bullish Pennant since a few days. A long candle cutting the Pennant upwards can be considered as a good buying opportunity. A rally from 784(red, dashed line) till 919(green, dashed line) had happened twice in the past, out of which one occurrence has been plotted by the yellow, curved arrow in the chart. Hence, watch out thoroughly for a breakout and place your buy order accordingly, keeping the target as 919. This would hardly take a week to reach the target, after the breakout.