Doji
A candlestick whose open and close are at or very near the same price, producing almost no body.
How it is identified
Test: absolute value of (Close - Open) is a very small fraction of the period's High minus Low, conventionally under 5%
Unit
qualitative
In depth
A doji records that a period ended where it began despite whatever range occurred in between, which practitioners describe as indecision. That description is fair; the inference that a reversal follows is not established, and doji candles appear constantly in ordinary trading. Variants are named by wick placement — long-legged, dragonfly, gravestone — but all encode the same fact of a flat close relative to the open. Its meaningfulness depends entirely on context and timeframe, and a doji on a five-minute chart in a liquid stock is simply noise.
Worked example
Open ₹500, close ₹500.40, high ₹512, low ₹494. The body is ₹0.40 against a range of ₹18, or 2.2% — a doji by the conventional threshold, and one of dozens the stock will print this year.
Illustrative figures, chosen so the arithmetic is easy to follow. Not a live price and not a valuation of any company.
Educational reference only
This entry explains what “Doji” means. It is not investment advice and not a recommendation to buy or sell any security. Any numbers above are illustrative, not live prices, and nothing here predicts price direction or rates a stock. Consider your own circumstances and consult a SEBI-registered investment adviser before acting.