What is piercing pattern? What are its conditions to qualify? When to buy and Sell?

[Aruna]

Latest green body should cover previous day low

Bull body should cover at least 50% of previous day

Upper tail should be small and volume may increase

Buy- price goes above the highest of two days

[satish katwate]

<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>piercing pattern: the body should cover the previous days low</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>condition: the upper tail should not be very big</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>green color</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>trend reversal</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>prior trend to be negative</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>green body should cover the low of the previous body and 50% more</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Buy: if the price goes highest of two days</p>

[monish kumar]

incase of BULLISH.

latest green body should cover the previous day LOW.

this green body should cover the 50% of the previous day red body.

upper tail should be small in size.

entry: buy @ when price comes  last two days high

stop loss: low point of the pierced day

target: difference between the buy and stop loss.

[vishal]

Piercing pattern signifies a trend reversal.
The recent fall/rise in price should be witnessed
The latest body should cover the previous day’s high/low
The latest body should cover at least the 50% of the previous one
The upper/lower tail should not be very big
when the price goes beyond the previous day’s high or stop loss
when the price goes beyond the previous day’s low or stop loss

[AMARNATH]

<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>incase of BULLISH.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>latest green body should cover the previous day LOW.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>this green body should cover the 50% of the previous day red body.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>upper tail should be small in size.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>entry: buy @ when price comes  last two days high</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>stop loss: low point of the pierced day</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>target: difference between the buy and stop loss.</p>

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