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Nikita (SEBI RA)

24th Oct Β· SEBI-Registered Analyst

Morning Doji Star – Bullish Reversal from Downtrend πŸŒ…πŸ“ˆ

πŸ“Š The Morning Doji Star forms after a decline and signals buying pressure returning. βœ… Formation (3 candles): 1️⃣ First β†’ Long red candle showing strong selling. 2️⃣ Second β†’ A Doji that gaps down, showing indecision. 3️⃣ Third β†’ Strong green candle closing above midpoint of the first candle. βœ… Meaning: Shift from selling pressure to accumulation β†’ bullish reversal. πŸ“Œ Example: Stock falls β‚Ή540 β†’ β‚Ή500, next session gaps down to β‚Ή490 (Doji), then next candle strong green closes β‚Ή520 β†’ Morning Doji Star β†’ bullish reversal confirmed. 🧠 Tip: Volume and RSI recovery strengthen the signal.

FMNL

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