Here the price falls down for a period and then a reversal green body appears. It covers the lower tail of the previous day candlestick. Also, it covers more than 50% of the previous day candlestick body. Highest value of the 2 days, 916 is the entry point. Lowest of the 2 days, 870.2 is the stop loss. So the target is 916 + (916 – 870.2) = 961.8

1 Comment
  1. Aravind T 7 years ago

    Good Observation

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