*Bearish piercing with marginally high volume noticed after a recent upward trend in CIPLA LTD.
*short positioned.
*entry(468);target(448);stoploss(488).
feel free to call us +919500077790 info@eqsis.com
*Bearish piercing with marginally high volume noticed after a recent upward trend in CIPLA LTD.
*short positioned.
*entry(468);target(448);stoploss(488).
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Hi,
The red candle should be cover the previous day’s upper tail
Noted !!!
May i have a bit more explanation regarding the same !!
The second-day candle opens higher via a gap, showing that the bullishness still persists. After this very bullish open, bears decide to take the lead. where the stock prices start to go down resulting in a close way below the previous day’s close. Now the potential sellers start thinking that new high may not hold and perhaps it is time to take short positions.
Thanks for explanation !!!Truly appreciate!