Avenue Supermarts doji candlestick formation.
uptrend.
Doji formed on 30/04/2018. with increased volume.
Short entry below the low of the doji at Rs. 1485.90
Stop loss at the high of doji at Rs. 1534.60
Risk is Rs.48.7.
First target at the 1.5 *risk is Rs. 1412.85
Second target at 2*risk is Rs. 1388.5.
Duration expected is one week.
Hi,
For bearish DOJI there should be a prior bullish rally.
Vignesh Sir,
The stock of D Mart is in the continuous uptrend since last 2 months and on the day of the Doji on 30/04/2018, it formed a life time high and reversed immediately to close below the open to form a grave stone doji.
The stock has met the first shorting target of Rs. 1412.85 on 10/05/2018.
Thanks and regards,
Dr. Bhushan.