Bearish Piercing pattern witnessed in Biocon Ltd on 3-Dec-2019.
The previous uptrend is visible. The piercing red candle’s body has covered the previous day’s High and covered more than 50% of the previous day’s body. The volume noticed to be high on piercing day. Also, the lower tail of the piercing candle is very small.
Short entry can be initiated below the piercing day’s close.
—————————————————————————————–
Stock Ticker – NSE: BIOCON – Biocon Ltd. – PHARMA
Bearish Trade plan:
Entry Level 284 Target 269 Stoploss 299
Analyst Rating – :4/5
View Posted on 2019-12-03