The bearish piercing pattern is identified in ABB india ltd.Here the bearish candle covers half of the body of previous bullish candle.
Entry-1228
Exit-1165
Stop loss-1294
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Hi,
Bearish piercing pattern is found towards the end of an upward trend but here the prior 4-5 days is sideways movement, so it does not act as piercing pattern.
Here the lower tail is very large in size so, it shows the buyers strength. while considering the lower tail it should be small in size.