KEC bearsih dark cloud cover[ beraish piercing ] candlestick pattern.[ Practice]
Script is in the very strong uptrend.
On 18/04/2018, a strong bullish candle is formed.
On 19/04/2018, Candle opened above the high if the previous candle, but at the end of the day closed below the 50% of the previous red candle’s body forming a dark cloud cover or a bearish piercing candlestick pattern.
Entry below the low of the lowest low of the two candles ie at the low of the 19/04/2018 candle at Rs. 428.05.
Entry achieved on 23/04/2018, on low volume.
Stop loss is the high of the bearish candle at Rs. 443.40.
Risk is Rs. 15.35.
Target is Rs. 412.70.
Duration expected to achieve the target is one week.
Target achieved within 2 days of the entry.