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Tagged: DOJI
DOJI forms when there is no much of deviation between open price and close price. It indicates trend reversal when supported with high volume.
Doji is formulated by Japanese people.After a certain rally (bearish or bullish),a thin body is formed with volume denoting trend reversal.We have to buy when the doji is continued with significant volume and sell it when point reaches below the Stop loss point(below the 1st Doji point).
Doji means neutral. the open price & close price very close. its is used to find the indicate reversal.
Doji is neutral, pattern initially innovated by the chinese, but adopted by the western people later. After a bullish trend, when a DOJI is spotted, It is expected that the price goes down and vice versa.
doji is a neutral when opening price and closing price of a stock are near that is called as doji if price falls significantly and doji appears it is called as morning star and we can create a long position and after significant price increasing we should create a short position.
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