Jump to: Pattern Result
Date and Arrival Time: 2021-04-09 15:00
Symbol Name: MARICO
Pattern and Direction: Bearish Butterfly
Pattern Completion Price: 421.80, Pattern Ideal Completion Price: 421.30
A Bullish Pennant Break has arrived near market close, at 15:00.
This is a pattern with a formation span of 4 days.
There is a potential Sell opportunity at 421.80. A safe stop-loss for this Bearish Butterfly can be kept at 426.80 as per the pattern invalidation level or at 1% above the pattern completion depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 12th April – Success!
