1. the candle should be in green in color
2.the upper tail and the lower should be equal
3. the volume should be high
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Hi,
Morning star appear 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 stoploss
Refer the below screenshot for morning doji-