Jump to: Pattern Result
Date and Arrival Time: 2020-11-13 15:05
Symbol Name: PEL
Pattern and Direction: Completed – Bearish Crab , Bearish Butterfly (Multiple Signals)
Pattern Completion Price: 1478.75, Pattern Ideal Completion Price: 1478.00
PatternSurfer’s algorithms have found an instance where both a Butterfly and Crab have arrived for the symbol PEL, at 1478.75.
The patterns have a formation span of 3 days, starting from the 10th November – 13th November 2020.
There is a potential Sell opportunity at the pattern completion price of 1478.75 . A safe stop-loss for these patterns can be chosen depending on the trader’s risk tolerance. A safe stop loss level can be kept at less than 1% above the completion price D of the pattern.
UPDATE: 18th November EOD – Success!
The price of PEL fell from the level predicted by the Bat and Butterfly patterns above – with a maximum intra-day fall to 1386 (total fall of 92 rupees – nearly 6.2%! )at midday on the 17th November, or a 17th EOD price of 1408, or a 18th EOD price of 1436 rupees. Take a look at the results below:
