Jump to: Pattern Result
Date and Arrival Time: 2021-03-01 15:25
Symbol Name: NESTLEIND
Pattern and Direction: Bullish – Double Bottom
Pattern Completion Price: 16310.00, Pattern Ideal Completion Price: 16284.40
A Bullish Double Bottom Break has arrived near market close, at 15:25.
This is a pattern with a formation span of 3 days, starting from the 2021-02-24 17:00 – 2021-03-01 15:25.
There is a potential Buy opportunity at 16310.00. A safe stop-loss for this Double Bottom break can be kept at 16010.00 or 16147.20 depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 3rd March – Success!
View the results of this pattern below. As the price movement appears to continue in bullish momentum, any positions in this trade could be maintained with a trailing stop loss strategy as per the trader’s risk appetite
UPDATE: 8th March
