Bearish piersing – Wipro

Condition:

Its a trend reversal pattern, in a market rally, when you a expect a candle to start at equavelent to the previous high, and manage to cover more that 50% of the previous candle, and very short tail. High volume is expected on the piersing day, then we can take a short position

Sell@205

Stoploss@228

Target@170 (1.5 times of risk)