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Symbol : BOSCH Ltd.
Direction : Long
Entry level: 21850
Stop loss : 20741
Target : 22850
Formed in the first week of Sep, Recent price fall, covers 50% of previous body, upper tail not very big.
Dear Madam,
I have studied your analysis. All conditions for qualifying bullish piercing pattern is satisfied, except the following one.
The bullish candle should open lower or almost equal to the previous day low.
Mr. Murugan sir has to check this and confirm. Please correct me if I am wrong.
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