CIPLA BULLISH PIERCING PRACTICE (OLD DATA)

CONDITIONS FOR BULLISH PIERCING:

1. After a series of negative candles, a positive candle should appear. The opening of the positive candle should be way below the previous day negative candle and and the closing should be above 50% of the previous day negative candle. (yes appeared)

2. The upper tail of the positive candle should be minimum or absent. (yes tail is very small)

3. High volume during the last 2 days should be present. (yes)

4. Its time to take long position.