From the chart doji is appeared with recent fall in stock value expecting the price would go further below when it reaches @127 short position
, , DOJI
, , DOJI
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Dear sir
Doji is kind of a reversal pattern which indicates there is a confused nature of the price movement . it is formed because both the buyers and sellers are more or less equally powered.
it is said to be reversal pattern in a current trend because there would be either bull or bear will have upper hand in the stock when the momentum is lost or when controversy traders get in the stock doji is formed