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MRF Tyres profit declines 15%. Heavy selling was witnessed on 02.5.19, where it has touched 52 week low. After significant fall it has formed a Bearish Doji which indicates further fall or reversal trend. Take note of high share price and initiate the trade.
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Hi Lakshminarayana, Doji indicates trend reversal.
This particular Doji is called Morning star. That means trend is gonna change from negative to positive, so it’s time to take long position.
I may also be wrong, please correct me if I am.