Jump to: Pattern Result
Date and Arrival Time: 2020-11-10 09:30
Symbol Name: HINDALCO
Pattern and Direction: Alt-ABCD – Competed – SELL
Pattern Completion Price: 200.4, Pattern Ideal Completion Price: 199.85
A Completed Alt-ABCD has arrived 09:30 am. The coordinates are:
This is a pattern with a formation span of 8 trading days starting from the 2020/10/29 14:45 – 2020/11/10 09:30.
There is a potential Sell opportunity at 200.40 . A safe stop-loss for this Alt-ABCD can be kept at around less than 1% above the D Completion of 200.40.
Update: Nov 10 EOD – Success!
This Alt-ABCD has successfully fallen intra-day to the price level of INR 190, more than 2 % if the entry was successful between 9.30 and 9.45 directly when the pattern completion was alerted.
However, the general bullish sentiment warns that this may be the maximum move that can be extracted and the pattern may be invalidated further if held beyond this point.