BEARISH PIERCING IS WITNESSED IN TATA MOTORS.
TRADE PLAN:
Entry price : 172.2
Stop loss : 187.2
Target : 167.2
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Bullish View
Bearish View
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@vishalsuresh
You may please re-validate the pattern against the conditions for Bearish Piercing pattern.
1) The previous uptrend should be visible.
2) The piercing red candle’s body should covered the previous day’s High and covered more than 50% of the previous day’s body.
3) The volume has to be high on piercing day.
4) The lower tail of the piercing candle should be very small.