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Indian stock market · candlestick pattern
Shooting star on Power Grid
On Power Grid the shooting star showed up 23 times. The target came first 43% of the time, the stop 52%, and 4% went nowhere within 12 candles.
Counted on Power Grid: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 10 | 50% | 50% | 0% |
| Hourly | 13 | 38% | 54% | 8% |
Power Grid against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Power Grid | 23 | 43% | 52% | 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 |
|---|---|---|---|
| 2021 | 3 | 0% | 100% |
| 2025 | 9 | 44% | 44% |
| 2026 | 4 | 25% | 75% |
The last 8 times
- 23 Jul 2026, 13:15 IST · hourly · stop first after 1 candle
- 24 Jun 2026, 09:15 IST · hourly · target first after 1 candle
- 27 May 2026, 14:15 IST · hourly · stop first after 2 candles
- 11 Mar 2026, 09:15 IST · hourly · stop first after 3 candles
- 24 Sep 2025, 11:15 IST · hourly · stop first after 1 candle
- 26 Jun 2025, 10:15 IST · hourly · stop first after 3 candles
- 20 Jun 2025, 15:15 IST · hourly · target first after 1 candle
- 17 Jun 2025, 09:15 IST · hourly · went nowhere
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 Power Grid
Inside bar · Stochastic bullish cross · Stochastic bearish cross · Volume profile rejection · Doji · Spinning top · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · EMA 9/21 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 Power Grid?
In 23 cases on Power Grid, the target (1.5 × ATR) came before the stop (1 × ATR) 43% of the time and the stop came first 52%; 4% went nowhere within 12 candles.
What is the shooting star?
After a rise, buyers pushed up and sellers slammed it back down.