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Bullish
Piercing with high volume
Long position
R2R 1:1
—————————————————————————————–
Stock Ticker – NSE: INFRATEL – Bharti Infratel Ltd. – TELECOM
Bullish Trade plan:
Entry Level 193 Target 208 Stoploss 178
Analyst Rating – :3/5
View Posted on 2019-10-31
Good Spot !
Dear yogi, Otis one of bullish piercing pattern. I understand it. But the statement of many lines after the char I cannot understand. If possible explain please.
They are sloping trendlines. Please ignore them.
Hi,
The bullish piercing pattern occurs when the green candle opens lower than the previous day’s low, but it closes more than halfway above the previous day’s real body. (Note- Green candle should cover the previous days lower tail)
Thanks Naresh. You have highlighted 2 very important points. I realise the error.
This does not qualify as a Piercing pattern and should be ignored.
flase