Bearish Piercing formed in BAJAJ AUTO on 10th September 2018. Recent increase price from 13/08/2018 to 07/09/2018. Piercing candle witnessed on 10/09/2018. This Piercing candle upper tail is small in size and the body cover above 50% of the Bullish candle. We enter is previous day low breakout.
ENTRY PRICE = 2780
TARGET = 2610
STOP LOSS = 2950
Good Analysis! Thanks for posting.
Hi,
The red candle should be cover the previous day’s upper tail