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Indian stock market · candlestick pattern

Shooting star on Bank of Baroda

On Bank of Baroda the shooting star showed up 24 times. The target came first 29% of the time, the stop 62%, and 8% went nowhere within 12 candles.

Counted on Bank of Baroda: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily520%80%0%
Hourly1932%58%11%

Bank of Baroda against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bank of Baroda2429%62%8%
All Indian stock market charts1,26538%56%6%
Every market10,01336%57%7%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the shooting star is

After a rise, buyers pushed up and sellers slammed it back down.

A firework shoots high into the sky, sparkles, and then falls back down. A shooting star candle is like that: after a rise, price shot up during the candle, then sellers pushed it back down near where it started. The long top wick is the trail it left behind.

The full shooting star lesson, video and quiz ›

Other patterns on Bank of Baroda

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Volume profile rejection · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The shooting star elsewhere

Bharti Airtel · Infosys · Mahindra & Mahindra · Hindalco · Shriram Finance · Vedanta · Tata Steel · Bajaj Finserv · Tech Mahindra · Kotak Mahindra Bank · Dow Jones · Sony · GBP/USD · EUR/JPY · Silver · Ethereum · Bitcoin

Questions

How often does the shooting star work on Bank of Baroda?

In 24 cases on Bank of Baroda, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 62%; 8% went nowhere within 12 candles.

What is the shooting star?

After a rise, buyers pushed up and sellers slammed it back down.