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Observed a bullish piercing pattern near the support zone with average volume on both the pattern formation days, but the deliverable quantity on the buying day is quite impressive.The RSI has shown a upward movement from the near oversold region of 34 and the MACD is yet to confirm the uptrend.The entry can be made when the price crosses the high of the pattern with the stoploss being placed as the low of the pattern.
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Nice trade plan..