Jump to: Pattern Result
Date and Arrival Time: 2021-02-26 15:25
Symbol Name: ASIANPAINT
Pattern and Direction: Bullish – Butterfly
Pattern Completion Price: 2262.15, Pattern Ideal Completion Price: 2257.00
A Completed Bullish Butterfly has arrived near to market close, at 15:25.
This is a pattern with a formation span of 3 days.
There is a potential Buy opportunity at 2262.15. A safe stop-loss for this Butterfly can be kept at 2257.00 as per the pattern invalidation levels, or 1% below the completion depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 3rd March – Success!
Let’s take a look at how this pattern’s results unfolded:
