nalinakshi

it seems tweezor bottom pattern

NSE:BIOCON   BIOCON
it is formed at the support, to confirm for bullish move next day it should form bullish engulfing or peircing candle
Comment: it has formed equal lows . open interest is slightly building up
Comment: Tweezers Bottom and should have the same low. In addition, the two candlesticks should have alternating colors with the first confirming the current trend and the second indicating weakness. The pattern is more reliable when the first candlestick is has a large real body while the second candlestick has a short real body. It is also more reliable when the Tweezers pattern is confirmed or makes another pattern, such as an engulfing or piercing pattern with identical highs or lows.

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