Jump to: Pattern Result
Date and Arrival Time: 2021-03-03 09:20
Symbol Name: RELIANCE
Pattern and Direction: Bullish – Pennant
Pattern Completion Price: 2127.65, Pattern Ideal Completion Price: 2121.45
A Bullish Pennant Break has arrived at market open.
This is a pattern with a formation span of 6 days.
There is a potential Buy opportunity at 2127.65. A safe stop-loss for this Pennant Break can be kept at 2089.10 as per the pattern 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, reaching the target by market close on the same day:
