Technical
What is Doji?
A candle whose open and close land at (or almost at) the same price, leaving a cross-shaped bar with little or no body β a session that traveled but settled where it began.
Formula
Doji: |Open β Close| β 0 relative to the day's full range
How to Interpret
Context is everything β a doji after an extended rally or selloff flags potential exhaustion and precedes many reversals; a doji inside a quiet range means nothing. Confirmation comes from the NEXT candle's direction.
Typical Ranges
The single most over-interpreted candlestick. Statistically weak alone; it earns attention only at extremes, at key levels, or on unusual volume.
Find Stocks Using This Signal
Screen US and Indian stocks by Doji in the Technical Screener.