Gunasekaran Ramasamy

Yes i agree with @ssureshi

Seems like risk reward ratio is 1:1 and also Can you please explain how did you set the target. Because as per your trend line resistance will be around 400 rupees in that case risk reward still reduce.

And also volume should be increasing after the second bottom to indicate bullish

For bullish piercing pattern prior trend should be bearish and volume should be High ??

Good find.
I have few questions
1. How long the reversing trend will present ?
2. How do you pick stocks to identify pattern because there are over 5000 companies ?

Sorry for the question if it is bit amateur.