Recent Green Candle Covers the previous Candle’s Low and as well covers the previous candle body by almost 80% which indicates the Bullish peircing pattern so a bullish trend is expected. So a trader can create a Long position Above 224 with Stop Loss of 209 and the target is 239 Expected in near future.
Bullish Piercing – Skipper Ltd
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Stock Analysis
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Bullish View
Bearish View
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As per my observation:
Recent price fall has to be witnessed.
Also the upper wick of the green candle has to be small in size (as a big upper tail indicates selling pressure) .