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Nikita (SEBI RA)

24th Sep · SEBI-Registered Analyst

Homing Pigeon – Bullish Reversal in Downtrend

📊 The Homing Pigeon is a 2-candle bullish reversal pattern. ✅ Formation: 1️⃣ First → Large red candle. 2️⃣ Second → Smaller red candle completely within the first candle’s body. ✅ Meaning: Selling pressure is weakening, buyers may take control. 📌 Example: Stock slides from ₹420 → ₹400, then Homing Pigeon forms near ₹398 → suggests reversal possible. 🧠 Rule: Stronger when formed at support levels.

MARUTI

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