A piercing candle was observed on CoalIndia chart during downtrend. The market opened lower during the 2nd day. But the price went up to more than 50% of previous candle and closed at a high. The entry level is above the high of 2nd candle. Stoploss is taken as low of the 2nd candle.
COALINDIA – BULLISH PIERCING CANDLE
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Stock Analysis
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Bullish View
Bearish View
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