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.

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