APOLLOTYRE BEARISH PIERCING IS OBSERVED. IT IS A TREND REVERSAL PATTERN. RECENT PRICE HIKE IS SEEN. VOLUME IS ALSO DECENT. HENCE IF PRICE GOES BELOW TODAY’S LOW, SHORT POSITION CAN BE CREATED WITH STOPLOSS AT TODAY’S HIGH AND TARGET EQUAL TO RISK TAKEN.
APOLLOTYRE – BEARISH PIERCING
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Stock Analysis
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Bullish View
Bearish View
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Hi sir,
The above pattern is Engulfing pattern not piercing pattern.