What is piercing pattern? What are its conditions to qualify? When to buy and Sell?

[Revathi]

indicates trend reversal

sign of tops and bottoms rejection

conditions are,

latest green body should cover the previous days low

the bull body should cover atleast 50% of previous day

upper tail should be small in size

if the price goes above the high of last two days, we can buy

 

[Meera]

It is a strong reversal pattern.Latest green body should cover previous lowest and at least 50% of previous body.Also the upper tail should be smaller.

If the next day prize goes above the high of last two days share can be bought

[dinesh kumar.R]

piercing pattern – the lower tail of the current day should cover the previous day’s lower tail. the body of the candle sticks should cover the 50% of the body. upper tail should be low. create long position when the next day crosses the highest of upper tail price of previous two days. stop loss is the lower  tail of the piercing candle sticks tail. target can be 2 times the risk.

[Aravind Kumar]

Piercing pattern is a candle stick pattern which determines the trend reversal. The body should cover thhe previous day’s low. today’s body should cover at least 50% mark of previous body. The upper tail should not be very big. BUY when it’s bullish reversal and SELL when it’s bearish reversal.

[lavanya]

Piercing line pattern is a reversal pattern involving 2 days.

the body should cover the previous day Low and cover atleast 50 % of the previous day body. Upper tail should not be very big.

If price > last 2 days – Buy and if price < last 2 days – Sell.

[Author]

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