INFOSIS Dark cloud bearish below 1940 SL1980 Target 1860

[V.VEDANAYAGAM]

INFOSIS had DARK CLOUD pattern with good volume on the pattern day
TRADE PLAN INFOSIS SHORT ENTRY 1940
STOP LOSS 1980 RISK 40
TARGET 1860 REWARD 80

[Balaji]

Dear Sir,

One condition, which contradicts is, the bearish candle does not open higher than the previous day bullish candle high. Please clarify my doubt.

[V.VEDANAYAGAM]

DEAR SIR/MADAM
IN BEARISH PIERCING PATTERN the second day (red candle) must open only ABOVE the CLOSE of the previous day(green candle)candle.
Here the upper shadow ie high of the first day (green candle )candle will not come in to the analysis

[Author]

Posts