BAJAJ AUTO makes bearish piercing on dec,2018
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Stock Analysis
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Bullish View
Bearish View
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Hi,
The piercing pattern is almost like the engulfing one, with the difference that the second candle does not engulf the previous one, but only goes into the territory of it. As a rule of thumb, the body of the second candle should retrace a minimum 50 percent into the territory of the previous one.