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Today let us discuss one more candle stick pattern. This pattern signifies that bulls and bears are fighting on the price and there is no winner. This usually happens in a consolidation phase and it signifies indecision in the market.
In case of Doji, the open price and the close price is same. This could also signify reversal of a trend in the market.
But to take trading decisions, you will also need confirmation of volumes and the significance is higher if this occurs at support or resistance areas.
If this pattern occurs in between the support or resistance, the significance may not be that important.
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There are many different kinds of Doji patterns and each have different importance. To understand more about technical analysis, use our paid services or email me at nsebsestocktradingcalls@gmail.com
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Before beginning with trading , traders must learn all the necessary facts about market first. This will help them to perform better in the market. Experts suggestions on trading pattern is given by epic research also.
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