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ADANIPORTS | BULLISH Piercing

A bullish piercing is witnessed.

Long position can be created when the price goes above the entry price 263.4

the upper tail of the day of piercing candle is not very big.

Volume expected is actually high that is volume may increase if it is a exact piercing, but do not see significant volume.

May be it could be the reason for not able to attain the target. It has actually taken nearly more than a month to reach the target

The risk taken is 15.8.

 

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