WaveTalks - Nifty -The Piercing Pattern at 16180This short video will discuss my reasons for having bullish bias towards stock indices.
False breakdown below 16180
Piercing Candlestick pattern close to 16180's - Two times
Heavy weight -HDFC yet to finish final target @ 2900+
Let me know your comments. Thanks for watching the video.
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Last Idea on HDFC
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Last Video Idea on Nifty
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Piercingpattern
MCX Gold - Bullish Gartley + Piercing Pattern Candlestick-47550(Last - 49177 / 21:05 Hrs / 4th Dec2020)
Bullish Gartley + Piercing candlestick pattern (Bullish Candlestick) - suggest precious metal can start upside trend travel to 52500 (Target 1) & Strictly Above 52500 can travel to 56200+ (Target 2) - Stops below 47550
The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend to an upward trend.
Three characteristics of this pattern include
1. Downward trend before the pattern,
2. Gap down after the first day, and
3. Strong reversal as the second candle in
the pattern.
Should cross 50% of previous downside candle
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Thanks