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Nikita (SEBI RA)

28th Aug · SEBI-Registered Analyst

Morning Star – Powerful Bullish Reversal

📊 The Morning Star is a 3-candle bullish reversal pattern. ✅ Formation: 1️⃣ First candle – Long red (selling pressure). 2️⃣ Second candle – Small body (doji/spinning top) → indecision. 3️⃣ Third candle – Strong green closing into the first candle’s body. ✅ Meaning: Selling exhausts, buyers regain control. 📌 Example: Nifty falls from 22,000 → 21,600. At support, Morning Star forms at 21,620 → next rally towards 21,900 possible. 🧠 Rule: Stronger when appears at support + confirmed with volume.

TITAN

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