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Indian stock market · candlestick pattern
Shooting star on Larsen & Toubro
On Larsen & Toubro the shooting star showed up 23 times. The target came first 35% of the time, the stop 61%, and 4% went nowhere within 12 candles.
Counted on Larsen & Toubro: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 15 | 47% | 53% | 0% |
| Hourly | 8 | 12% | 75% | 12% |
Larsen & Toubro against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Larsen & Toubro | 23 | 35% | 61% | 4% |
| All Indian stock market charts | 1,265 | 38% | 56% | 6% |
| Every market | 10,013 | 36% | 57% | 7% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2017 | 3 | 33% | 67% |
| 2022 | 4 | 50% | 50% |
| 2023 | 3 | 67% | 33% |
| 2025 | 8 | 25% | 75% |
| 2026 | 3 | 0% | 67% |
The last 8 times
- 16 Jun 2026, 09:15 IST · hourly · went nowhere
- 18 Feb 2026, 10:15 IST · hourly · stop first after 3 candles
- 1 Jan 2026, 13:15 IST · hourly · stop first after 3 candles
- 12 Nov 2025, 12:15 IST · hourly · stop first after 6 candles
- 30 Oct 2025 · daily · target first after 4 candles
- 16 Oct 2025, 10:15 IST · hourly · target first after 11 candles
- 6 Oct 2025, 10:15 IST · hourly · stop first after 6 candles
- 31 Jul 2025 · daily · stop first after 8 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 Larsen & Toubro
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · Doji · MACD bearish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · MACD 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 Larsen & Toubro?
In 23 cases on Larsen & Toubro, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 61%; 4% went nowhere within 12 candles.
What is the shooting star?
After a rise, buyers pushed up and sellers slammed it back down.