“Bullish Pennant” Classical Chart Pattern Stock Screener

The Bullish Pennant is a continuation chart pattern in technical analysis that forms after a strong price movement, characterized by a small symmetrical triangle (the “pennant”) that is preceded by a sharp upward price trend (the “flagpole”); this pattern often indicates a temporary consolidation before the price resumes its upward movement, suggesting potential for further bullish momentum

1–2 minutes


This post focuses on customizable factory scans associated with Bullish Pennant classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.


Display recent Bullish Pennant classical chart patterns

Tags: Bullish Pennant pattern; Confirmed bullish pennant pattern

List symbols where pattern is Bullish Flag Pennant

Add Column Bullish Flag Pennant Status as Status
Add Column Bullish Flag Pennant Target as Target
Add Column Bullish Flag Pennant Date as Date

Apply to NSE

Plot

This scan identifies NSE symbols that have recently formed a Bullish Pennant pattern.

The scan output report includes the current status of each pattern, indicating whether it is confirmed, unconfirmed, or if the target has already been achieved.

Additionally, the report shows the target level of the Bullish Pennant and the date when the pattern was triggered.



Confirmed Bullish Pennant classical chart patterns

The following scan specifically identifies confirmed Bullish Pennant patterns.

List symbols where pattern is Bullish Flag Pennant
and FLAGPENNANTBULLSTATUS = Confirmed

Add Column FLAGPENNANTBULLSTATUS as Status
Add Column FLAGPENNANTBULLTARGET as Target
Add Column FLAGPENNANTBULLDT as Date

Apply to NSE

Plot

For insights into the Bullish Pennant classical chart pattern, including the psychology underlying the pattern, and how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.

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