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Indian stock market · candlestick pattern
Shooting star on Punjab National Bank
On Punjab National Bank the shooting star showed up 28 times. The target came first 32% of the time, the stop 57%, and 11% went nowhere within 12 candles.
Counted on Punjab National Bank: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 11 | 36% | 64% | 0% |
| Hourly | 17 | 29% | 53% | 18% |
Punjab National Bank against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Punjab National Bank | 28 | 32% | 57% | 11% |
| All Indian stock market charts | 1,265 | 38% | 56% | 6% |
| Every market | 10,013 | 36% | 57% | 7% |
The last 8 times
- 31 Jul 2026, 10:15 IST · hourly · stop first after 2 candles
- 16 Jun 2026, 09:15 IST · hourly · stop first after 9 candles
- 15 Jun 2026, 09:15 IST · hourly · went nowhere
- 22 Apr 2026, 11:15 IST · hourly · target first after 5 candles
- 5 Jan 2026, 09:15 IST · hourly · target first after 3 candles
- 31 Dec 2025, 10:15 IST · hourly · went nowhere
- 27 Nov 2025, 12:15 IST · hourly · stop first after 11 candles
- 26 Nov 2025, 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 Punjab National Bank
Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · Volume profile rejection · MACD bearish cross · MACD bullish cross · Gap up · 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 Punjab National Bank?
In 28 cases on Punjab National Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 57%; 11% went nowhere within 12 candles.
What is the shooting star?
After a rise, buyers pushed up and sellers slammed it back down.