Morning star candlestick pattern at bottom of the rally in the Heromotocorp, see how it works, chart attached. As it is from important support levels, so it works. A morning star pattern is a type of candlestick chart pattern used in technical analysis, typically indicating a potential reversal from a downtrend to an uptrend. It consists of three candles:
First Candle: A large red (or bearish) candle, indicating a continuation of the downtrend.
Second Candle: A small-bodied candle (can be either bullish or bearish), often called a "doji" or a spinning top. It shows indecision in the market and appears after the first bearish candle. This candle might gap down from the first candle.
Third Candle: A large green (or bullish) candle, which closes well above the midpoint of the first bearish candle. This candle signals the start of an uptrend.