A morning star
is a bullish
three candle pattern that is formed at the bottom of a down move. The first candle in the morning star
formation is a big bearish
candle that clearly defines the down move. The second candle is a small candle, which is ideally a Doji
candle. The third candle is a large bullish
candle, which closes near the top of the day.
Clearly, Morning star
is formed in TCS
today. It's ready to move upside.