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Indian stock market · candlestick pattern
Shooting star on Canara Bank
On Canara Bank the shooting star showed up 23 times. The target came first 43% of the time, the stop 39%, and 17% went nowhere within 12 candles.
Counted on Canara Bank: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 5 | 20% | 60% | 20% |
| Hourly | 18 | 50% | 33% | 17% |
Canara Bank against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Canara Bank | 23 | 43% | 39% | 17% |
| All Indian stock market charts | 1,265 | 38% | 56% | 6% |
| Every market | 10,013 | 36% | 57% | 7% |
The last 8 times
- 27 Jul 2026, 14:15 IST · hourly · target first after 2 candles
- 27 Jul 2026, 12:15 IST · hourly · target first after 4 candles
- 21 Jul 2026, 10:15 IST · hourly · target first after 6 candles
- 21 Jul 2026, 09:15 IST · hourly · target first after 7 candles
- 21 May 2026, 11:15 IST · hourly · stop first after 12 candles
- 20 Apr 2026, 12:15 IST · hourly · stop first after 4 candles
- 26 Feb 2026, 09:15 IST · hourly · went nowhere
- 16 Jan 2026, 11:15 IST · hourly · stop first after 5 candles
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 Canara Bank
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · MACD bearish cross · Doji · EMA 9/21 bearish cross · EMA 9/21 bullish cross · RSI overbought drop · 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 Canara Bank?
In 23 cases on Canara Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 43% of the time and the stop came first 39%; 17% went nowhere within 12 candles.
What is the shooting star?
After a rise, buyers pushed up and sellers slammed it back down.