From the chart, it is seen that after a steady increase in price, a Bearish body appears. The Bearish body covers the highest point of the previous day’s Bullish movement and also covers about 50% the Bullish body. This confirms the Piercing pattern and the price is expected to go further low. Therefore, it is recommended to create a short position.
TCS shows a Bearish Piercing
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Stock Analysis
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Bullish View
Bearish View
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