GARDEN SILK MILLS – BULLISH PIERCING PATTERN

There is a trend reversal.  On 30-Mar-15 the green candle completely covered the previous day’s low of the red candle and also 50% of the body.  So we can call it the Piercing Day.  Point B is the Stop Loss point which is the low of the green candle on 30-Mar-15.  A is the entry level on 31-Mar-15.  This is the highest point of the red candle on 27-Mar-15.  The target is the risk taken which is A to B added to the entry level.  C is the target at Rs 26.10.