TATAMOTORS – MORNING STAR PRACTICE (OLD DATA)

CONDITIONS FOR MORNING STAR:

1. Following the series of negative candle, a Candle with very minimum body should appear. That means the opening and closing of the candle should be almost same. (yes present)

2. The trend before the appearance of the doji candle should be negative with good slope. Horizontal movement should not be there. (condition satisfied)

3. Volume during the doji candle should be very high. (high volume present)

4. Its time to take long position.