BULLISH PIERCING pattern identified
The trade: LONG position
Entry : Rs. 868
Stoploss : Rs.804
Target : Rs. 936 0
0
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BULLISH PIERCING pattern identified
The trade: LONG position
Entry : Rs. 868
Stoploss : Rs.804
Target : Rs. 936 0
0
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Hi,
The Bullish Piercing Pattern is a trend reversal pattern that appears at the bottom of a downtrend. The end of the green candlestick should open below the previous day’s low and ends up closing within the price range of the previous day’s real body. The thumb rule is that the bullish candlestick should penetrate and close more than 50% into the previous day’s real body.