Jump to: Pattern Result
Date and Arrival Time: 2021-04-05 09:25
Symbol Name: HAVELLS
Pattern and Direction: Bearish Rectangle Break
Pattern Completion Price: 1042.15, Pattern Ideal Completion Price: 1047.55
A Bearish Rectangle Break has arrived at 09:25.
This is a pattern with a formation span of 3 days.
There is a potential Sell opportunity at 1042.15. A safe stop-loss for this Rectangle can be kept at 1063.00 or 1072.00 as per the pattern or 1% above, the completion depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 5th April – Success!
Let’s take a look at how this pattern’s results unfolded:
