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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.
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Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
FEDERAL BANK – BEARISH ENGULFING October 17, 2019
Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
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