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In this Nifty chart, a red candle stick appeared in and followed by a green candlestick which opens with gap up. And the green candle engulfed half of the body of the red candle. So it is called as the piercing candlestick pattern.
The target achieved in 11 days.
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Hi sir,
The mentioned pattern is not a bullish piercing pattern.
Refer other examples for Piercing pattern in the reference section, it may give clear view on piercing pattern.
O.k. Thank you for your comment. I follow the reference to get a clear idea.