India, Feb. 11 -- The Morning Star pattern signals a momentum reversal, as buyers start to regain control after recent weakness, indicating rising buying interest and supporting bullish potential.

The formation of a small-bodied candle between a preceding bearish candle and a subsequent strong bullish candle reflects a shift in sentiment as buyers regain control.

On Tuesday, Varun Beverages Ltd formed a morning star pattern on the daily timeframe near the Rs 457 level. The formation signalled a potential shift in momentum as buyers started regaining control after recent weakness. A sustained move above Rs 457 could support further upside, while a drop below this level would weaken the bullish outlook.

The targets are typically set near...