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Piercing

Jain Irraigation : Piercing Candlestick patternJain Irrigation is forming piercing candle pattern on daily chart. Any close above 22.70 would be positive as volume on reversal is day very high. Those who wants to trade only on candlestick pattern should put stop loss below 16. CCI is also showing positive divergence on daily chart. Strategy 1 : Buy if stock is trading above 23 during 3-3.25 p.m. stop loss 16 target open. Strategy 2 : Those who want more confirmation can wait for RSI to cross above 30 and CCI to cross above -100.
NSE:JISLJALEQSLong
by UnknownUnicorn4260559