Jump to: Pattern Result
Date and Arrival Time: 2021-02-18 15:10
Symbol Name: ICICIPRULI
Pattern and Direction: Bearish – Head and Shoulders
Pattern Completion Price: 485.05, Pattern Ideal Completion Price: 486.15
A Bearish Head and Shoulders Break has arrived at <Completion time>.
This is a pattern with a formation span of 3 days starting from 2021-02-15 15:25 – 2021-02-18 15:10.
There is a potential Sell opportunity at 485.05. A safe stop-loss for this Head and Shoulders Break can be kept at 495.20 as per pattern structure. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 22nd Feb – Invalidated
Let’s take a look at how this pattern’s results unfolded. While shortly taking the suggested stop-loss of 495.20, the price recovered to move in the suggested direction of the pattern.
