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Long Position
- Entry – 38.65
- Stop Loss – 37.75
- Target – 39.55
In the image attached of ACC, we see a piercing candlestick pattern. The piercing candlestick, pierces the previous day candle with a significant low start and also covers more than 50% body of the previous candlestick. The volume is comparable to the previous 4 days. The top tail is also significantly small. This indicates trend reversal.
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