CONDITIONS FOR BEARISH PIERCING:
1.Following the positive candles, a negative candle covering the upper tail and more than 50% body of the previous positive candle should appear.( yes present)
2. The lower tail of the piercing candle should be very small. ( yes small lower tail is present)
3. Volume should be above average during any of the past two days. ( yes above avg volume present)
4. Its time to take short position.
Good and very well explained.
Thank you Saravanan, your words are the motivating factor.