CONDITIONS FOR BULLISH PIERCING:
1. After a series of negative candles, a positive candle should appear. The opening of the positive candle should be way below the previous day negative candle and and the closing should be above 50% of the previous day negative candle. (yes appeared)
2. The upper tail of the positive candle should be minimum or absent. (Compared to the lower tail the upper tail is small, but not smallest. Thats the reason we can reduce the rating to 3 stars.)
3. High volume during the last 2 days should be present. (yes above average volume is present)
4. Its time to take long position.
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Stock Ticker – NSE: NCC – NCC Ltd. – CONSTRUCTION
Bullish Trade plan:
Entry Level 55.30 Target 62.20 Stoploss 48.40
Analyst Rating – :3/5
View Posted on 2019-08-24