Alok Industries and Saregama India have formed Doji and Near Doji patterns on the technical charts, which are neutral patterns suggesting indecision in the market. The Doji pattern indicates a potential trend reversal requiring confirmation from subsequent price action. The lack of an increase in buying or selling activity often causes this pattern to form. Investors should assess the companies' financials, debt restructuring, industry dynamics, content acquisition and expansion strategies and confirm the pattern with strong bullish or bearish candle and analyse the accompanying volume to make informed decisions.
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