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Nikita (SEBI RA)

11th Sep · SEBI-Registered Analyst

Morning Doji Star – Bullish Reversal with Doji

📊 The Morning Doji Star is a variation of Morning Star that includes a Doji. ✅ Formation: 1️⃣ First candle – Long red (downtrend pressure). 2️⃣ Second candle – Doji (indecision at bottom). 3️⃣ Third candle – Strong green closing into first candle’s body. ✅ Meaning: Sellers lose strength, Doji shows hesitation, buyers take over → trend reversal bullish. 📌 Example: Stock falls from ₹520 → ₹480, then Morning Doji Star forms at ₹482 → reversal sign. 🧠 Rule: Stronger when near support + confirmed with volume.

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