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Nikita (SEBI RA)

7th Oct Β· SEBI-Registered Analyst

Dragonfly Doji – Bullish Reversal Signal πŸ‰πŸ“ˆ

πŸ“Š The Dragonfly Doji forms when the open, high, and close are near the same level, with a long lower shadow β€” showing buyers fought back strongly. βœ… Meaning: Sellers pushed price down but buyers regained control β†’ bullish reversal likely, especially after a downtrend. πŸ“Œ Example: Stock falls β‚Ή410 β†’ β‚Ή370, forms Dragonfly Doji with long lower wick and closes β‚Ή410 β†’ signals potential bottom and start of reversal. 🧠 Rule: Confirmation needed with a strong bullish candle next day.

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