HDFC Bank Piercing Candle Stick Bullish Pattern.PNG

[Sangeetha Subramaniam]

Stock Name: HDFC Bank

Pattern: Piercing Candle Stick Bullish Pattern

• The pattern occurs after a downward trend
• The bullish body covers  the previous red candle’s bottom
• The bullish body covers more than half of the previous red candle

The entry is made after the top of the bullish body which is not very high

Target is set as Entry+Risk Taken

The stop loss is set at the bullish body low.

 

 

 

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