Piercing Pattern

The Piercing Pattern is a bullish candlestick pattern, consisting of two candles: a bearish candle followed by a larger bullish candle that closes above the midpoint of the first candle, suggesting a potential trend reversal.

Conditions

Close(-1) lower than Open(-1) and Abs( Close(-1) - Open(-1) ) higher than equal to ( High(-1) - Low(-1) ) * 0.6 and Open(0) lower than Close(-1) and Close(0) lower than Open(-1) and Close(0) higher than ( Close(-1) + ( Open(-1) - Close(-1) ) * 0.5 ) and Low(0) lower than Low(-1) and High(0) lower than High(-1) and Close(0) higher than Open(0)

stocks

• NSE

  BAJAJ-AUTO

• NSE

  CHOLAFIN

• NSE

  COFORGE

• NSE

  ENGINERSIN

• NSE

  FINEORG

• NSE

  GODFRYPHLP

• NSE

  GESHIP

• NSE

  HEROMOTOCO

• NSE

  HUDCO

• NSE

  INOXINDIA

• NSE

  OFSS

• NSE

  TVSMOTOR

• NSE

  TITAN