1 Comment
  1. Naresh 4 years ago

    Hi,
    In response to your question
    Morning star appears at the end of a downtrend and also at the end of a correction. This pattern indicates for a reversal from downside to the upside in their stocks as well as evening star candlestick pattern is a bearish reversal pattern that hints of a reversal from an uptrend to downtrend.

    In order for the Doji signal to be valid, the following conditions must exist:
    The open and the close of the stock must be almost at the same price level.
    Volume should be high during the Doji day
    The doji followed by a sideways trend may not be considered.

    Trade plan for morning Doji:
    Buy around the high price of a Doji candle
    Keep the low of the Doji as the stop-loss

    Refer the below screenshot

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