Morning Doji star is a bullish trend reversal pattern. The trend is going to change from bearish to bullish. In morning doji star candle pattern formation the first day is a red candle body, the second day should open with down side gap and must end as a doji day, the third day should be a green body open with upside gap and ends as a gap day . In this ACC chart the trend is bearish and a red candle appeared. After that a doji formed. After that a green candle formed with a gap. So it is confirmed as a doji morning star. The target achieved with in three days.
ACC – Doji Morning Star
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Stock Analysis
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Bullish View
Bearish View
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Hi sir,
There should be bearish rally prior to the Morning star with high volume, then the trend reversal is confirmed.