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Indian stock market · candlestick pattern

Shooting star on HDFC Life

On HDFC Life the shooting star showed up 21 times. The target came first 43% of the time, the stop 57%, and 0% went nowhere within 12 candles.

Counted on HDFC Life: daily candles from November 2017 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1020%80%0%
Hourly1164%36%0%

HDFC Life against the rest

ChartsFoundTarget firstStop firstWent nowhere
HDFC Life2143%57%0%
All Indian stock market charts1,26538%56%6%
Every market10,01336%57%7%

Year by year

YearFoundTarget firstStop first
201940%100%
20251070%30%
2026333%67%

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 HDFC Life

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · Volume profile rejection · MACD bullish cross · Volume profile bounce · MACD bearish cross · EMA 9/21 bearish 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 HDFC Life?

In 21 cases on HDFC Life, the target (1.5 × ATR) came before the stop (1 × ATR) 43% of the time and the stop came first 57%; 0% went nowhere within 12 candles.

What is the shooting star?

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