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A piercing candle occurs at the bottom of a chart. Piecing occurs when a bearish candle is followed the next day by a bullish candle with significant gap down opening. The bullish candle closes the day at least above 50% of the bearish candle. Piercing signifies the end of a moderate downward trend and is an indicator for a reversal.
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Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
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Hi,
Candlesticks patterns can be found only in daily charts