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Indian stock market · candlestick pattern

Shooting star on Infosys

On Infosys the shooting star showed up 28 times. The target came first 36% of the time, the stop 64%, and 0% went nowhere within 12 candles.

Counted on Infosys: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1225%75%0%
Hourly1644%56%0%

Infosys against the rest

ChartsFoundTarget firstStop firstWent nowhere
Infosys2836%64%0%
All Indian stock market charts1,26538%56%6%
Every market10,01336%57%7%

Year by year

YearFoundTarget firstStop first
202040%100%
2021333%67%
2025944%56%
2026560%40%

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 Infosys

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Gap up · Gap down · MACD bearish cross · Volume profile rejection · Volume profile bounce · all of them

The shooting star elsewhere

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

Questions

How often does the shooting star work on Infosys?

In 28 cases on Infosys, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 64%; 0% went nowhere within 12 candles.

What is the shooting star?

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