Jump to: Pattern Result
Date and Arrival Time: 2021-03-09 12:35
Symbol Name: ITC
Pattern and Direction: Bearish – Rectangle
Pattern Completion Price: 206.80, Pattern Ideal Completion Price: 207.20
A Bearish Rectangle Break has arrived at 12:35.
This is a pattern with a formation span of 4 days starting from the 2021-03-03 09:20 – 2021-03-09 12:35.
There is a potential Sell opportunity at 206.80. A safe stop-loss for this Bearish Rectangle can be kept at 209.85 or 211.25 depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: March 15th – Success!
Let’s take a look at the results below. The price hit the target at market open on 12th April, a move of at least 5.6% obtained or more.
