Nifty has formed a double bottom pattern and a doji candle near key support levels. The 21-day simple moving average (DSMA) ...
This candle pattern is indicating a formation of doji type pattern at the highs, which is back-to-back in the last two sessions. "Normally such doji formations at the new highs is not a good sign ...
The index formed a Long Legged Doji candlestick pattern on the daily charts after a sharp decline, indicating indecision among bulls and bears, but raising the possibility of a bottom reversal.