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The stock formed Piercing pattern on 16 june 2015 with bearish body covered by 50% of latest bullish body.
and previous day also fully covered by latest bullish body.
RSI was at 34 level which signifies the stock was oversold/undervalued
Trade Plan: ACC – Piercing pattern – Bullish – Long position can be considered.
Entry@1392, Stop Loss@1366, Target@1450
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