What makes a session a star
04.03.07 built the morning star from three boards: a long falling session, a small one, then a long rising one that takes back much of the first. The middle board was described as small. It was not required to stand apart.
A star in the strict sense does stand apart. Its body opens and closes beyond the previous body, leaving a stretch of price with no trading in it — what a chart draws as a gap.
When that separated middle board is also a doji — open and close effectively the same price, the body a line rather than a block — the three together are a morning doji star at the bottom of a fall, or an evening doji star at the top of a rise.
Two claims are being made at once, and they are different claims. Neither side finished ahead is the doji. And this happened somewhere nobody was trading yesterday is the star.
Wednesday, Thursday, Friday
Read the three boards left to right, and watch the two numbers in the middle column: Thursday's high, and where Friday's low starts.
Thursday's entire range sits below Wednesday's low, and Friday's entire range sits above Thursday's high. Granthara's rules engine returns all three names for this: bullish abandoned baby, morning doji star, morning star.
The abandoned baby is the strict form
Most doji stars gap on the bodies only. The middle session opens and closes clear of the session before it, but its shadows still reach back into the previous range — somebody, briefly, traded at a price yesterday also saw.
The abandoned baby asks for more: the whole of the middle board, shadows included, clear of both neighbours. Not one bid on Thursday at any price Wednesday reached, and not one on Friday at any price Thursday reached. The middle session is left standing entirely on its own, which is where the name comes from.
Move one number and it disappears. Raise Thursday's high from ₹30.60 to ₹31.10 — above Wednesday's ₹31.00 low — and the engine still returns morning doji star and morning star, and no longer returns abandoned baby. Nothing about the argument between buyers and sellers changed. What changed is whether a single trade happened in a forty-paise band.
One trade at one price decides the strict name, and nothing about the week decides it at all.
Why you will hardly ever see one
This matters more than the definition, so it is worth being blunt about it. The abandoned baby is rare to the point of being a curiosity, and rarer still on a liquid Indian stock.
The reason is mechanical. A gap needs a stretch of price where nothing traded, and inside a continuous session prices move through their range rather than skipping it. So gaps in Indian equities are almost entirely overnight events — the pre-open auction settling away from yesterday's close, usually on news. To get an abandoned baby you need that to happen twice in a row, in opposite directions, with a doji stranded in between.
Which is why the pattern has a base rate closer to a coincidence than to a method, and why 04.05.04 exists. Recognising it costs nothing. Building anything on it is a different matter.
What the three boards permit
They permit you to say that a fall stopped, that the session which stopped it finished level, and that it did so at prices the previous session never reached.
They do not permit you to say the fall is over. The literature's bullish reversal is a claim about next week, and next week is not drawn here. They do not permit you to say what caused the gap — whoever was buying on Friday morning is as anonymous as everyone else in Part 04.
And they do not permit you to skip the question the gap raises. A stretch of untraded price is a fact about the market's plumbing as much as about anyone's opinion: it can be news, or it can be that almost nobody was there. Part 08 tells you which, and this board cannot.