A Doji is a candlestick which shows equal push and pull between the buyers and sellers. When the market opens and the price moves up and down but ultimately closes at the opening price a Doji is formed. A Doji can be a reversal signal or a continuation signal . But all it actually shows is the indecision between buyers and sellers.
Doji- Ambuja Cements Limited
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Stock Analysis
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Hi,
The Doji followed by a sideways movement may not be appropriate.