Jump to: Pattern Result
Date and Arrival Time: 2020-11-23 09:20
Symbol Name: ASIANPAINT
Pattern and Direction: Bullish Wolfe Wave
Pattern Completion Price: 2140.8, Pattern Ideal Completion Price: 2151.35
A Completed Wolfe Wave has arrived at 09.20 am.
This is a pattern with a formation span of 3 days in total – indicating it is a pattern suited to short-term or instra-day moves.
There is a potential Buy opportunity at 2140.8. A safe stop-loss for this Wolfe Wave can be kept at less than 1% below the completion price, depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 25th Nov EOD – Success!
Following the arrival of this Wolfe Wave, the price of ASIANPAINTS proceeded to gain a maximum of over 90 rupees (maximum move of over 4%) over the course of 2 days. Take a look at the result of this pattern below:
