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Indian stock market · candlestick pattern

Shooting star on Suzlon Energy

On Suzlon Energy the shooting star showed up 20 times. The target came first 40% of the time, the stop 60%, and 0% went nowhere within 12 candles.

Counted on Suzlon Energy: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily825%75%0%
Hourly1250%50%0%

Suzlon Energy against the rest

ChartsFoundTarget firstStop firstWent nowhere
Suzlon Energy2040%60%0%
All Indian stock market charts1,26538%56%6%
Every market10,01336%57%7%

Year by year

YearFoundTarget firstStop first
2017333%67%
2025944%56%
2026450%50%

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 Suzlon Energy

Inside bar · Stochastic bullish cross · Volume profile rejection · Stochastic bearish cross · Spinning top · Doji · MACD bullish cross · RSI oversold bounce · Gap up · 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 Suzlon Energy?

In 20 cases on Suzlon Energy, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 60%; 0% went nowhere within 12 candles.

What is the shooting star?

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