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Nikita (SEBI RA)

3rd Sep · SEBI-Registered Analyst

Dragonfly Doji – Bullish Reversal

📊 A Dragonfly Doji forms when open, high, close are almost the same, with a long lower shadow. ✅ Meaning: Strong rejection of lower levels. Sellers tried to drag prices down but buyers pulled it back. Bullish reversal signal when formed at support. 📌 Example: Nifty drops intraday to 21,200 but closes near 21,380 → forms dragonfly doji → signals buying at support. 🧠 Rule: Confirmation from next green candle is required.

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