India, Feb. 16 -- The Morning Star pattern indicates a shift in momentum, with buyers regaining control after recent weakness, suggesting increasing buying interest and reinforcing the potential for a bullish move.
The appearance of a small-bodied candle sandwiched between a preceding bearish candle and a following strong bullish candle highlights a shift in market sentiment, signaling that buyers are reclaiming control.
On Friday, Zensar Technologies Ltd formed a Morning Star pattern on the 30-minute chart. A decisive move above Rs 577 level could pave the way for further gains, whereas a fall below this level would undermine the bullish outlook.
Targets are usually placed near the closest resistance levels above the reversal. Traders...
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