THE LATEST RED BODY COVERS THE PREVIOUS DAY HIGH WITH A GOOD VOLUME AND CROSSES MORE THAN 50% OF THE GREEN BODY OF THE CORRESPONDING PREVIOUS DAY,HENCE IT QUALIFIES FOR THE BEARISH PIERCING PATTERN
, , CUMMINSIND
, , CUMMINSIND
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Hi,
For Bearish Piercing pattern the prior rally should be bullish. Here the prior movement is sideways.
Thanks for your comments and will improve the same hence forth
This bearish piercing indicates lot of selling pressure around 720. But as vignesh said this would have been better if the prior rally is good.
Thanks for your comments and improve the same hence forth
yes sideways…