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Bullish View
Bearish View
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Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
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FEDERAL BANK – BEARISH ENGULFING October 17, 2019
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Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
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Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
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Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
Hi,
The piercing pattern is almost like the engulfing one, with the difference that the second candle does not engulf the previous one, but only goes into the territory of it. As a rule of thumb, the body of the second candle should retrace a minimum 50 percent into the territory of the previous one.