BANKBARODA PIERCING BULLISH
ENTRY 167.50
STOPLOSS 153.70
TARGET 181.30
DURATION 1 WEEK
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Hi Raja, the following conditions will help you I guess.
CONDITIONS FOR BULLISH PIERCING:
1. After a series of negative candles, a positive candle should appear. The opening of the positive candle should be way below the previous day negative candle and and the closing should be above 50% of the previous day negative candle.
2. The upper tail of the positive candle should be minimum or absent.
3. High volume during the last 2 days should be present.