The Doji is a candlestick formation that signifies indecision between bulls and bears. A Doji is generally found at the top and bottom of trends and thus it can be considered as a signal of possible reversal of security’s price direction.
A Doji is formed when the opening price of stock is equal to the closing price. A long legged Doji is called as a ‘Rikshaw Man”. As compared to Doji, Rikshaw Man Doji has longer upper and lower shadows.