Observed a bearish piercing pattern near the resistance with the prior trend being an uptrend.There was good volume on the sell day indicating that the fight has taken place and the RSI also confirms the downtrend by showing a downward direction from the overbought region of 70.
DLF-Bearish Piercing-18Apr2017
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Stock Analysis
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Bullish View
Bearish View
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The pattern would have been more convincing if the second day candle body had covered the previous days high.