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In Japanese language Doji means Neutral. If the market open and close almost at same point then it is known as Doji. It appearance looks like a star.
Doji is an another type of trend reversal pattern.
condition for Bullish(Evening star):
1.Recent fall in price should be noted.
2.candle opening and closing should be bullish and candle size should be less forming like an star.
3.Hgih volume indicates trend reversal.
4.Doji forming in side ways may be rejected.
condition for Bearish(Morning star):
1.Recent rise in price should be noted.
2.candle opening and closing should be bearish and candle size should be less forming like an star.
3.Hgih volume indicates trend reversal.
4.Doji forming in side ways may be rejected.
Doji is called as star it indicates temporary pause after significant upward or downward movement of the stock.Doji with high volume indicates reversal trends.
DOJI MEANS NEUTRAL.ITS SHOWS THE SHAPE OF STAR. ITS VERY POWERFUL OF AN TRADING ACTIVITY.SEQUENTIAL FALLS OF A SHARE IN MARKET ITS DOJI.
USE OF DOJI;
*ITS SHOWS THE SYMBOL OF STAR
*RED MEANS EVENING STAR AND GREEN MEANS MORNING STAR.
BUY-THE GREEN STAR APPEAR THE PRICE WILL GO UP WITH THE UPPER TAIL MEANS TO BUY A SHARE ITS BULLISH MARKET
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