Gravestone Doji β Bearish Reversal Signal β°οΈπ
π The Gravestone Doji forms when the open, low, and close are near the same level, with a long upper shadow β showing sellers took control after buyers tried pushing price up.
β
Meaning: Buying pressure failed β bearish reversal likely, especially after an uptrend.
π Example: Stock rallies βΉ520 β βΉ580, forms Gravestone Doji near βΉ590 β sellers step in β signals possible trend reversal downward.
π§ Rule: Next candle confirmation strengthens the signal.
DRREDDY
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