Jump to: Pattern Result
Date and Arrival Time: 2021-03-30 13:10
Symbol Name: INDUSINDBK
Pattern and Direction: Bearish Pennant Break
Pattern Completion Price: 955.30, Pattern Ideal Completion Price: 960.00
A Bearish Pennant Break has arrived at 13:10.
This is a pattern with a formation span of 4 days.
There is a potential Sell opportunity at 955.30. A safe stop-loss for this Pennant can be kept at 967.95 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: 30th March – Invalidated
Take a look at the results of this Pennant below. After the price goes and maintains a level beyond the pattern invalidation level, the potential trade would be considered lossy and exited.
