TATAMOTORS – EVENING STAR PRACTICE (OLD DATA)

CONDITIONS FOR EVENING STAR:

1. A candle with very small body is called doji. It denotes that the opening and closing of the day is almost equal.

2. Following a series of positive candle, a doji candle should appear. (yes)

3. Before the doji candle, trend should be positive with good upward movement. (Yes present)

4. During the doji candle good volume should be there. ( Yes present)

5. Its time to take short position.