Cadila Healthcare : Bullish Trend reversal – Morning star Doji – EQSIS PRO

Arun Kumar, February 27, 2019, CADILAHC

3 candle morning star doji pattern

Candle 1- Sellers in control Bear candle
Candle 2- Indecisive doji
Candle 3- Buyes in control with high volume

Added evidence : MACD crossover.

3 Comments

Naresh 5 years ago

Hi,
Morning star doji will occur at the end of downward trend ( Note- volume should be high during the doji day )

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- Author
  
  Arun Kumar 5 years ago
  
  @naresh
  Thanks for feedback. I did some reading on Morning star Doji.
  In few of the sites, I came across, it is said, volume is below average on first day & volume is above average on 3rd day. And doji comes on the second day
  
  https://en.wikipedia.org/wiki/Morning_star_(candlestick_pattern)
  http://www.chart-formations.com/candlestick-patterns/morning-star.aspx
  
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  - Naresh 5 years ago
    
    Hi,
    we really appreciate the time and effort you put into these work. Click the below link for more information about doji. Watch this video if you have any doubts and if in case you need any further assistance then we will discuss about it.
    https://www.youtube.com/watch?v=U5IW5wZA_dY
    
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