Checkout how Bullish Piercing Candlestick pattern works -
One example of Trade with such pattern -
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk...
Positional trade
1. AMARAJABAT is taking support on Dynamic and horizontal trend lines.
2. Formation of Bullish piercing candlestick pattern on Sep 1
Buy at top of the 1 hour candle that closes above high of Sep 1 daily candle.
Target 1 - 750
Target 2 - 785
SL - 714
