In this Bajaj Finance chart an Evening doji star formation found. In Evening doji star candle pattern formation the first day is a green candle body, the second day should open with upside gap and end as a doji day, the third day should be a red body open with down side gap and end within the first day’s body. In this Bajaj Finance chart a doji (Evening Star) appeared after a green candle. After that a red candle appeared in gap down. It is a trend reversal pattern. so before appearing the doji the trend is bullish. After the doji the trend is reversed. So this is confirmed as a Doji Evening Star. The target achieved in the same day (Intraday).
, , DOJI
Hi sir,
The volume should be high during the DOJI day to confirm the trend reversal.