Jump to: Pattern Result
Date and Arrival Time: 2021-04-06 09:45
Symbol Name: ADANIPORTS
Pattern and Direction: Bullish Pennant Break
Pattern Completion Price: 756.00, Pattern Ideal Completion Price: 745.55,
A Bullish Pennant Break has arrived at 09:45.
This is a pattern with a formation span of 29 days.
There is a potential Buy opportunity at 756.00. A safe stop-loss for this Pennant can be kept at 683.20 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: 6th April – Success!
There was a total potential intra-day profit of 11.8% from the pattern completion price of 745.55 , to the closing price of 833.55. A maximum profit of 14% was achievable based on the day-high price of 852.70, based on this bullish pennant break. View the results of this pattern below!
