The piercing line candlestick pattern is a bullish candlestick pattern that forms after an extended bearish trend. It can be used as an indicator to predict the resumption of the uptrend as it ...

Similar to the engulfing pattern, the Piercing Line is a two-candle bullish reversal pattern, also occurring in downtrends.

The formation of higher tops for five days in a row, along with a positive trend in the momentum indicator RSI (relative strength index) and the Bullish Piercing Line candlestick pattern on the ...

Last week, benchmark indices and all sectoral indices formed either bullish engulfing or piercing line candlestick patterns on their weekly charts. Nifty formed a bullish piercing line while Bank ...