Bullish Piercing Line pattern – ACC – Long

[Balaji]

Bullish Piercing Line pattern

Trade plan:

1. Symbol: ACC
2. Direction: Long
3. Entry: 1460
4. SL: 1416 (Risk = 44)
5. Target: 1504 (Reward = 44)

Reasons for qualifying bullish piercing line pattern:

1. Recent fall in price witnessed
2. Latest green bullish body cover above % of the previous day red bearish body
3. The bullish body opens lower than the previous day bearish body
4. One condition which contradicts is, the upper tail of the green bullish body is big (Mr. Murugan sir has to check and confirm this)

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