Usually, the piercing line candlestick pattern indicates a potential bullish reversal in a downtrend. The pattern consists of a long bearish candle followed by a bullish candle closing over ...

March has historically been a strong month for market recoveries, with an average gain of 1.7 per cent since 2009 (excluding 2023), says a report by Axis Securities.The report highlighted that Nifty ...

However, after that, the market witnessed a sharp recovery, surging about 16 per cent from its low point in December 1996 and forming a "piercing line" candlestick pattern. This technical signal ...

InterGlobe Aviation (IndiGo) has rebounded from lower levels, and the recent piercing line candlestick pattern suggests a bullish outlook. The stock continues to respect its rising trendline.