Bearish Piercing pattern witnessed in Coal India Limited in Aug 2015. This is characterised by:
1. Uptrend. 2. Bullish candle followed by Bearish candle. 3. Bearish candle opened higher than prior bullish candle. 4. Bearish closed below 50% of Bullish candle . 5 Bearish tail is small in size.
Short Position to sell is recommended.
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