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Indian stock market · candlestick pattern
Shooting star on JSW Steel
On JSW Steel the shooting star showed up 23 times. The target came first 22% of the time, the stop 52%, and 26% went nowhere within 12 candles.
Counted on JSW Steel: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 5 | 40% | 40% | 20% |
| Hourly | 18 | 17% | 56% | 28% |
JSW Steel against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| JSW Steel | 23 | 22% | 52% | 26% |
| All Indian stock market charts | 1,265 | 38% | 56% | 6% |
| Every market | 10,013 | 36% | 57% | 7% |
The last 8 times
- 30 Jul 2026, 12:15 IST · hourly · stop first after 2 candles
- 30 Jul 2026, 09:15 IST · hourly · went nowhere
- 27 Apr 2026, 12:15 IST · hourly · stop first after 4 candles
- 20 Apr 2026, 12:15 IST · hourly · stop first after 4 candles
- 16 Apr 2026 · daily · stop first after 2 candles
- 18 Mar 2026, 09:15 IST · hourly · stop first after 1 candle
- 10 Feb 2026, 10:15 IST · hourly · target first after 3 candles
- 2 Jan 2026, 10:15 IST · hourly · stop first after 6 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 JSW Steel
Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Doji · MACD bearish cross · Volume profile bounce · Volume profile rejection · EMA 9/21 bullish 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 JSW Steel?
In 23 cases on JSW Steel, the target (1.5 × ATR) came before the stop (1 × ATR) 22% of the time and the stop came first 52%; 26% went nowhere within 12 candles.
What is the shooting star?
After a rise, buyers pushed up and sellers slammed it back down.