Morning star

Bottom Reversal Pattern (Buy Only Trade)

Formation:
1. Day 1 Bearish (Red candle).
2. Day 2 has to start with Gap Down, a small real body with heavy
wicks ( a kind of Doji), it can be of any color, Generally Candle 2
is small in size.
3. Day 3 Bullish (Green candle) Gap up or not, No issues in that, but
it has to close above 50% of Day 1 Real body.

Confirmation:
1. A Gap down of Day 2 is a must and Day 3 has to close above 50%
of Day 1 Real body.
2. Focus on volume breakout of Day 3 candle only( above 20 MA
volume).

Conditions :
1. First, try to join the Support line, and near about Support, you will get
the formation of the Morning Star.

Information By: CityInvest Divish S.

Website : ​https://www.cityinvestwisely.com
Facebook : ​www.facebook.com/cityinvestmentservices
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In the market, it looks like this.
How to take trades

Thumb rule time frame for Target :​ Half of the time frame of formation.
Like : If a pattern took 2 Months to form, then it will achieve tgt in the next
30-35 days that’s the minimum time frame for holding period.
Risk/Reward Ratio:
First go with 1:1 ratio ( risk /reward)
If your stop loss is Rs 5 then your target will be Rs 5 only that means
1:1.

1 Day or 1 Week Chart Good for Tracking.

Buying will be in the last 10-15 minutes as per 1 Day candle & on
Weekly Candle it will be on Friday Last Hour.

Information By: CityInvest Divish S.

Website : ​https://www.cityinvestwisely.com
Facebook : ​www.facebook.com/cityinvestmentservices
Telegram Stocks: ​https://t.me/cityinvest
Telegram FNO: ​https://t.me/cityfno
Telegram Crypto : ​https://t.me/citycryptocurrency
Telegram Global Stocks : ​https://t.me/cityglobalstocks