Candlesticks are Japanese method of technical analysis. It shows the price movements, due to its graphical pattern it is easy to understand the trend.it is useful to predict the future.
Day 7 basic of Candlestick Analysis
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Stock Analysis
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Bullish View
Bearish View
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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