BULLISH PIERCING IS FOND RELIANCE INFRA:
TRADE PLAN:
ENTRY PRICE : 481.2
TARGET : 516.7
STOPLOSS : 445.7
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Bullish View
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@vishalsuresh
You may please re-validate the above chart pattern against the conditions for Bullish Piercing pattern.
1) There should be a prior down trend.
2) The Green candle’s body should cover the LOW of the previous day’s Red candle
3) The Green candle’s body should cover at-least 50% mark of previous body
4) The upper tail should be small in size
Hi Suresh sir,
Thank you for the valuable comments.