Nifty forms Morning Doji Star in the weekly Candlestick Chart

On Friday Nifty 50 Manage to close well above the 7500 mark though the most part of the week was in the high volatile days. Last week Nifty has formed Doji pattern in the candlestick. Dojo was one of the indecisive pattern, this week’s close with big candle body gives clear direction and confidence in the market. With this positive close, Nifty 50 creates Morning Doji Start pattern in the weekly candlestick chart. The Morning Doji Star in one the reliable pattern when it forms in the down trend.

Nifty forms morning doji star in weekly candlestick chart
Nifty forms morning doji star in weekly candlestick chart

As per our analysis, there are at least 15 stocks which are turned Bullish either from Bearish or Range bound outlook. Currently 28 out of 50 Nifty stocks are trading in bullish outlook and 14 of them are in Bearish and remaining 8 of them are in range bound.

NIFTY 50 Stocks and its trend

Symbol Close Change Change (%) Trend
ACC 1,240.05 25.10 2.07 Rangebound
ADANIPORTS 212.25 1.40 0.66 Bearish
AMBUJACEM 195.35 2.15 1.11 Bullish
ASIANPAINT 869.90 10.95 1.27 Bullish
AXISBANK 408.40 2.75 0.68 Bullish
BAJAJ-AUTO 2,341.95 78.55 3.47 Rangebound
BANKBARODA 125.40 -4.75 -3.65 Bullish
BHARTIARTL 289.90 -1.50 -0.51 Bearish
BHEL 138.70 1.80 1.31 Rangebound
BOSCHLTD 17,495.95 539.90 3.18 Bullish
BPCL 893.15 24.25 2.79 Rangebound
CAIRN 122.15 -1.65 -1.33 Bearish
CIPLA 585.10 7.30 1.26 Bearish
COALINDIA 319.95 13.35 4.35 Bearish
DRREDDY 3,105.40 94.20 3.13 Bullish
GAIL 368.60 7.60 2.11 Rangebound
GRASIM 3,393.65 48.50 1.45 Bearish
HCLTECH 865.75 21.25 2.52 Bullish
HDFC 1,180.00 32.25 2.81 Bullish
HDFCBANK 1,049.85 18.15 1.76 Bullish
HEROMOTOCO 2,565.65 126.05 5.17 Bullish
HINDALCO 70.50 0.80 1.15 Rangebound
HINDUNILVR 816.90 25.15 3.18 Bullish
ICICIBANK 230.15 -3.05 -1.31 Bullish
IDEA 103.15 -1.45 -1.39 Bearish
INDUSINDBK 928.80 21.65 2.39 Bullish
INFY 1,164.90 35.30 3.13 Bullish
ITC 320.20 1.65 0.52 Bullish
KOTAKBANK 683.60 20.35 3.07 Bullish
LT 1,101.65 27.15 2.53 Bearish
LUPIN 1,710.75 4.40 0.26 Bullish
M&M 1,233.25 29.10 2.42 Bullish
MARUTI 4,095.85 -7.45 -0.18 Bearish
NTPC 142.45 -1.80 -1.25 Bullish
ONGC 226.25 6.35 2.89 Bullish
PNB 91.30 -0.10 -0.11 Rangebound
POWERGRID 147.85 4.15 2.89 Bullish
RELIANCE 1,035.40 18.50 1.82 Bearish
SBIN 179.90 -5.35 -2.89 Rangebound
SUNPHARMA 872.95 38.80 4.65 Bullish
TATAMOTORS 336.90 2.70 0.81 Bearish
TATAPOWER 60.10 0.10 0.17 Bearish
TATASTEEL 249.70 -4.50 -1.77 Bullish
TCS 2,391.30 60.10 2.58 Bullish
TECHM 501.40 1.35 0.27 Bearish
ULTRACEMCO 2,840.10 95.40 3.48 Bullish
VEDL 71.75 4.45 6.61 Bearish
WIPRO 562.80 15.55 2.84 Bullish
YESBANK 746.80 75.25 11.21 Bullish
ZEEL 420.05 15.45 3.82 Bullish