Doji pattern witnessed with average volume after a significant downfall which indicates trend reversal

therefore long posistion is created

entry:478.3

stop loss:469.8

target:490

risk reward ratio- 1:1.5

stop loss is triggered hence we incur a loss

2 Comments
  1. Naresh 3 years ago

    Hi,
    Volume should be high during the Doji day. (Note- A candlestick reversal pattern on high volume carries more weight than a candlestick reversal pattern on low volume so, volume plays a significant role in the buying and selling of the stocks)

    • Author
      Shreesh 3 years ago

      the volume present on the doji day is high compared to the past five days volume
      isnt that condition enough

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