Dragonfly Doji
Open, high, and close at essentially the same level (at the top of the candle) with a long lower wick. Looks like a 'T' shape.
Bullish·Bullish reversal·1-candle·Requires a prior downtrend
Pattern shape
What it means
Sellers pushed price down hard during the session but buyers reclaimed every bit of lost ground by the close. Strong demand defended the low.
Confirmation to wait for
Next session should open and close above the dragonfly's close. Heavier volume on the dragonfly adds weight.
Failure mode
Without a real prior downtrend the long lower wick is just intraday volatility. Confirmation is essential.
Detection rule
|open − close| ≤ 5% × range AND (high − max(open,close)) ≤ 5% × range AND lower wick ≥ 60% × range. Plus prior 5-day downtrend.
The scanner below applies this rule to today's daily candles across actively-traded NSE equities, ranked by traded value (price × volume). Liquidity floor: ₹25 Cr traded today. Rule-based matches - not buy/sell calls.
Stocks matching today
Scanner coming soon
Detection isn't wired for this pattern yet. The rule above describes what the scanner will look for; it'll go live with the next set of detectors.
Related patterns (same signal direction)
Pattern definitions are descriptive, not predictive. Confirm with volume + the broader trend on the index / sector before trading any single-stock signal.