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As per the indication marked in chart 1, Piercing is seen after bearish trend with the small upper tail to indicate the strength of buyers. Trade Plan: Direction Bullish,Position Long, Entry at 416 SL 387 Target 445.
As per the indication marked in chart 2, Piercing is seen but the trend is not completely bearish and side way movement seen. Hence this piercing is not recommended to be considered for trading.
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