Morning Star
Three candles: (1) a long red candle continuing the downtrend, (2) a small-bodied candle (any colour) that gaps below the prior close, (3) a long green candle that closes above the midpoint of the first candle's body.
Bullish·Bullish reversal·3-candle·Requires a prior downtrend
Pattern shape
What it means
Sellers were dominant on day one, indecision on day two, then aggressive buying on day three reverses the move. Sentiment fully flipped.
Confirmation to wait for
Day three's close above the midpoint of day one is the key; a weaker third candle invalidates the pattern. Volume should be heaviest on day three.
Failure mode
When day two is too tall (not a true star) or day three doesn't reach the midpoint, the pattern is incomplete and unreliable.
Detection rule
c1: long red (body ≥ 60% of c1 range). c2: small body ≤ 35% of c2 range AND c2 high < c1 close (gap-down star). c3: green AND c3 close > midpoint of c1 body. 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
0 matches in NIFTY500
No clean matches in today's session above the liquidity floor.
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.